November 13, 2012 at 08:58 AM EST
UBS Raises Price Target for Williams-Sonoma (WSM)

UBS has increased its price target for home product retailer, Williams-Sonoma, Inc.(WSM) on Tuesday.

The firm has a rating of “Neutral” on the shares and has increased its price target to $47. This price target suggests a 3.3% increase over the stock’s current price of $45.44.

Analysts are expecting a strong forth quarter for the company.

Williams-Sonoma shares were mostly flat during premarket trading Tuesday. The stock is up 18.03% YTD.

The Bottom Line
Shares of Williams-Sonoma (WSM) have a 1.94% dividend yield, based on last night’s closing stock price of $45.44. The stock has technical support in the $41-$44 price area. The stock is trading near its all-time highs of $48 a share.

Williams-Sonoma, Inc.(WSM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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