Wells Fargo Raises Williams-Sonoma Estimates

Wells Fargo said that that its 3Q estimates on shares of Williams-Sonoma, Inc. WSM. “Our 3Q EPS estimate increases from $0.32 to $0.34, our FY10 estimate goes from $1.79 to $1.86 and our FY11 estimate goes from $2.11 to $2.31,” Wells Fargo writes. “Our valuation range increases from $32-$34 to $38-$40.” Williams-Sonoma currently trades at $35.46.