UPDATE: Citigroup Reiterates on Williams-Sonoma as Solid Execution Yields Top-Line and Bottom-Line Beats

In a report published Thursday, Citigroup analyst Kate McShane reiterated a Buy rating on Williams-Sonoma (NYSE: WSM ), but lowered the price target from $68.00 to $67.00. In the report, Citigroup noted, “WSM delivered another impressive quarterly beat on +11.3% y/y growth in revenues and +40bps y/y in op margins.