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Fly News Breaks for October 23, 2019
SHW
Oct 23, 2019 | 09:27 EDT
BMO Capital analyst John McNulty raised his price target on Sherwin-Williams to $575 after its Q3 earnings beat and raised FY19 guidance, saying the earnings call also indicated that the company continues to experience tailwinds around "robust customer backlog, moderating raw material costs, and continued cost-cutting opportunities." The analyst contends that these factors should continue to drive earnings growth into 2020, but keeps his Market Perform rating on Sherwin-Williams shares given their "full valuation".
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.
