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Williams-Sonoma Upgraded at ThinkEquity

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


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This Article's Word Cloud:   AMEX   Aaron   Armstrong   Barn   Click   Definition   Definitions   ETFs   Exchange   Fund   Homebuilders   Kitchen   Mortgage   NYSE   Pier   Rate   SPDR   Sonoma   Tempur   ThinkEquity   Traded   West   Williams   World   actual   builders   currently   fact   find   five   from   here   holding   home   making   member   model   none   parent   portfolio   related   retail   round   second   stores   target   that   today   trading   upgraded
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