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Fly News Breaks for September 6, 2019
SHW
Sep 6, 2019 | 08:56 EDT
Jefferies analyst Laurence Alexander raised his price target for Sherwin-Williams to $546 from $430 saying the company's forward 12-month returns have a "strong relationship" with mortgage yields, credit spreads and oil prices. There is a "surprising consistency in the way the shares tend to overshoot when the model is bullish," Alexander tells investors in a research note. He believes this framework supports the recent rally in shares of Sherwin-Williams more than he expected. Nonetheless, Alexander keeps a Hold rating on the stock.
News For SHW From the Last 2 Days
SHW
Apr 24, 2024 | 19:23 EDT
SHW
Apr 24, 2024 | 09:25 EDT
BMO Capital lowered the firm's price target on Sherwin-Williams to $377 from $385 but keeps an Outperform rating on the shares. The company's Q1 results disappointed, as weather and customer project delays in the seasonally light Q1 more than offset early share gains tied to competitor issues, but its expected market share gains should amplify results in 2025/26 when housing improves with eventual interest rate cuts, the analyst tells investors in a research note.
SHW
Apr 24, 2024 | 07:58 EDT
SHW
Apr 24, 2024 | 06:47 EDT
Baird analyst Ghansham Panjabi raised the firm's price target on Sherwin-Williams to $310 from $300 and keeps a Neutral rating on the shares. The firm said in their opinion, current end-market weakness is a function of the lagged impact of previous increases in interest rates, noting that while raw material cost deflation was a partial offset, the recent up-tick in upstream input costs points toward a peak margin backdrop for Sherwin-Williams and peers.
SHW
Apr 24, 2024 | 06:45 EDT
SHW
Apr 23, 2024 | 09:04 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
SHW
Apr 23, 2024 | 07:05 EDT
Sees FY24 revenue growth up in low to mid-single digits, consensus $23.78B.
SHW
Apr 23, 2024 | 07:03 EDT
Consensus for Q2 revenue is $6.36B.
