Goldman Raises PT On Williams-Sonoma To $42 (WSM)

Goldman Sachs has published a research report on Williams-Sonoma (NYSE: WSM) after the company's e-commerce story continues to pan out.

In the report, Goldman Sachs writes "In fairness, we would note that while 4Q beat soundly, upside to our model was driven largely by expenses, and relatively little of the strategic color delivered on the quarter was new to the market. However, the potential for transition to a higher ROI model as the firm grows its ecommerce business and tapers its store base is relatively unique in retailing, offering potential for ongoing improvement in financial returns."

Goldman maintains its Neutral rating and has raised the price target from $37 to $42.

Williams-Sonoma closed yesterday at $39.38.