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Williams-Sonoma Upgraded at ThinkEquity

By Market News Video Staff, Wednesday, November 10, 12:50 PM ET

Kitchen and home retailer Williams-Sonoma (NYSE:WSM) was upgraded today by ThinkEquity, from hold to buy. ThinkEquity has a $40 price target on the company’s stock.

Shares of the parent to Pottery Barn and West Elm as well as its namesake Williams-Sonoma stores, are trading 1.4% higher today.

Williams-Sonoma is the second-largest holding in the SPDR S&P Homebuilders ETF (AMEX:XHB), making up 4.52% of that ETF's portfolio. In fact none of the top five holdings are actual home builders, but are retail stores related to home furnishings.

The top holding in the SPDR S&P Homebuilders ETF, at 4.57% of the portfolio, is Tempur Pedic (NYSE:TPX). Pier 1 Imports (NYSE:PIR), Aaron’s (AAI), and Armstrong World Industries (NYSE:AWI) round out the top five.

Is the SPDR S&P Homebuilders ETF currently a member of ETF Channel's model portfolio? Click here to find out!

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   AMEX   Aaron   Armstrong   Barn   Homebuilders   Industries   NYSE   Pier   SPDR   Shares   Sonoma   Tempur   ThinkEquity   West   Williams   World   actual   builders   company   currently   fact   find   five   from   furnishings   here   higher   hold   holding   holdings   home   largest   making   member   model   namesake   none   portfolio   price   retail   retailer   round   second   stock   stores   target   that   today   trading   upgraded
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