Deutsche Bank Provides Color on Williams Sonoma

Deutsche Bank provided color on Williams Sonoma WSM. In a research report published today, Deutsche Bank stressed the company opened its first pop up store. In the report, Deutsche Bank states, “WSM has opened its first pop-up store, under the West Elm brand, in Georgetown, outside of Washington D.C. The store is 3,300 square feet compared to a typical West Elm location that is 12,000 square feet and will be incremental to WSM's plan of adding a net of 2 new West Elm stores this year.” At the moment, Deutsche Bank has a Hold rating and a price target of $38 placed on the company's stock. On Tuesday, WSM closed the day at $37.33.