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Actionable news in WSM: WILLIAMS-SONOMA Inc,

Williams-Sonoma: ‘The Next Amazon Shoe To Drop?’

The bloodbath in retail seemed to hit a fever pitch of bearishness this week (although the sector got a few upgrades today).

Today Barclays’ Matthew McClintock warned that Williams-Sonoma (WSM) might be “the next Amazon (AMZN) shoe to drop.”

McClintock reiterated an Underweight rating and $40 price target on the stock today, writing that during Amazon’s Prime Day earlier this week, the top seller in both the US and Canada was the was the Instant Pot DUO080 7-in-1 Multi-Use Programmable Pressure Cooker (which also took the top spot last year). That may not seem like a death knell for William-Sonoma in itself, but McClintock writes that it neatly illustrates...


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