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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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