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Fly News Breaks for February 3, 2020
SHW
Feb 3, 2020 | 09:28 EDT
RBC Capital analyst Arun Viswanathan lowered his price target on Sherwin-Williams to $611 after its Q4 sales miss due to the weaker Americas Group and Performance Coating Group segment results. The analyst also points to the company's below-consensus 5.3% comps and higher administrative costs, though he keeps his Outperform rating on the stock given its "multiple avenues for robust growth in FY20" that include growing volumes and a favorable cost environment.
News For SHW From the Last 2 Days
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 | 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 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.