Oppenheimer Rates Williams-Sonoma As Outperform

According to Oppenheimer, Williams-Sonoma WSM shares now trade at about 14x NTM estimates consistent with trough levels of Aug. 2010. Oppenheimer said that this is well below a recent average of 17x. “We are optimistic that the company's Q2 (Jul) report later this month could spark a relief rally in shares. Our rating on WSM is Outperform.” Williams-Sonoma closed yesterday at $33.78.