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SHW

Sherwin-Williams

$414.19

-1.135 (-0.27%)

, HUN

Huntsman

$29.27

-0.34 (-1.15%)

07:34
07/13/18
07/13
07:34
07/13/18
07:34

Sherwin-Williams, Huntsman, Ferro 'top ideas' in Chemicas, says KeyBanc

KeyBanc analyst Michael Sison previewed the Chemicals sector and told investors in a research note that earnings growth for the Chemicals Universe is "heading in the right direction" for 2018, though the sector is off to a relatively flat share price performance through Q2 vs. the S&P 500 +2%. Sison says his checks suggest demand for chemicals remains robust and expects to see mid-single digit organic growth during Q2 and 2H given pricing progress this year. He says his top ideas include Sherwin-Williams (SHW), Huntsman (HUN), Versum Materials (VSM) and Ferro (FOE).

SHW

Sherwin-Williams

$414.19

-1.135 (-0.27%)

HUN

Huntsman

$29.27

-0.34 (-1.15%)

VSM

Versum Materials

$37.28

0.465 (1.26%)

FOE

Ferro

$20.70

-0.23 (-1.10%)

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    Jul

SHW Sherwin-Williams
$414.19

-1.135 (-0.27%)

04/26/18
RBCM
04/26/18
NO CHANGE
Target $470
RBCM
Outperform
Sherwin-Williams price target lowered to $470 from $490 at RBC Capital
RBC Capital analyst Arun Viswanathan lowered his price target on Sherwin-Williams to $470, citing worse than expected results for Americas and below-consensus comps in Q1. The analyst keeps his Outperform rating however, noting that the soft quarter was due to adverse weather and exogenous factors while forecasting better results in Q2-Q3. Viswanathan recommends that investors acquire Sherwin-Williams shares on weakness amid recovering growth and the expected reversal in price to input costs trends in the second half.
04/25/18
FBCO
04/25/18
NO CHANGE
Target $457
FBCO
Outperform
Sherwin-Williams price target lowered to $457 from $473 at Credit Suisse
Credit Suisse analyst Christopher Parkinson lowered his price target for Sherwin-Williams to $457 from $473 on new long-term estimates. Nonetheless, the analyst reiterates an Outperform rating on the stock and says Q1 reaction was "overdone."
03/27/18
BMOC
03/27/18
INITIATION
Target $453
BMOC
Market Perform
Sherwin-Williams initiated with a Market Perform at BMO Capital
BMO Capital analyst John McNulty started Sherwin-Williams with a Market Perform rating and $453 price target.
07/05/18
LBOW
07/05/18
NO CHANGE
LBOW
Buy
U.S. paint demand seeing modest deceleration in Q2, says Longbow
Longbow analyst Dmitry Silversteyn said his checks indicate that the domestic paint market is seeing a modest deceleration in demand to low-single digit levels in Q2, which may make it more difficult for PPG (PPG) and Sherwin-Williams (SHW) to beat expectations. However, Silversteyn maintains Buy ratings on both PPG and Sherwin-Williams shares.
HUN Huntsman
$29.27

-0.34 (-1.15%)

03/20/18
03/20/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Oracle (ORCL) downgraded to Neutral from Buy at BofA/Merrill and to Hold from Buy at Stifel. 2. Huntsman (HUN) downgraded to Neutral from Buy at Nomura Instinet with analyst Aleksey Yefremov saying he believes the shares are unlikely to outperform until demand for MDI-based polyurethanes markets finds a bottom. 3. Signet Jewelers (SIG) downgraded to Neutral from Buy at BofA/Merrill with analyst Lorraine Hutchinson saying Signet lacks growth visibility near-term and lowered estimates to reflect a weak base business, credit transition issues, and a loss of EBIT from subprime credit outsourcing. 4. Dominion (D) downgraded to Neutral from Buy at BofA/Merrill with analyst Julien Dumoulin-Smith saying the latest FERC policy changes is a headwind to Dominion's dropdown desire into Dominion Midstream (DM) and could impact valuations of midstream assets. 5. Essex Property Trust (ESS) downgraded to Hold from Buy at SunTrust with analyst Michael Lewis saying the stock's recent outperformance has narrowed its discount to NAV to the smallest margin among its peers, even though its leverage and earnings growth rate are comparable to those of peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/18
NOMU
03/20/18
DOWNGRADE
Target $36
NOMU
Neutral
Huntsman downgraded to Neutral from Buy at Nomura Instinet
Nomura Instinet analyst Aleksey Yefremov downgraded Huntsman to Neutral and lowered his price target for the shares to $36 from $40. The analyst believes the shares are unlikely to outperform until demand for MDI-based polyurethanes markets finds a bottom.
02/08/18
SBSH
02/08/18
NO CHANGE
SBSH
Buy
DowDuPont added to Focus List after pullback at Citi
Citi analyst P.J. Juvekar added DowDuPont (DWDP) to his firm's Focus List citing the recent pullback in the shares. His top three picks in Chemicals are now DowDuPont, LyondellBasell (LYB) and Huntsman (HUN). Juvekar keeps a Buy rating on shares of DowDuPont.
01/26/18
JEFF
01/26/18
NO CHANGE
Target $43
JEFF
Buy
Huntsman price target raised to $43 from $35 at Jefferies
Jefferies analyst Laurence Alexander raised his price target for Huntsman to $43 saying the company's "solid end" to 2017 bodes well for 2018. Huntsman last night announced that although its Performance Product segment EBITDA would be hindered by the unplanned outages and weather issues in the Gulf Coast, this would be more than offset by MDI tightness in Q4, Alexander tells investors in a research note. The analyst raised his estimates and keeps a Buy rating on the shares.
VSM Versum Materials
$37.28

0.465 (1.26%)

05/14/18
ARGS
05/14/18
UPGRADE
ARGS
Buy
Versum Materials upgraded to Buy from Hold at Argus
04/19/18
LOOP
04/19/18
NO CHANGE
LOOP
TSMC 'hiccup' should be considered transient, says Loop Capital
Loop Capital analyst Chris Kapsch said Taiwan Semiconductor's (TSM) below-consensus Q2 outlook and reduced full-year sales guidance is primarily due to near-term smartphone demand and seasonality, which should be considered transient. He still thinks bigger picture secular trends and drivers - including strong memory chip demand, as well as future growth tied to IoT, AI and 5G communications - remain in place. While TSMC's view for weaker than previously anticipated Q2 results increases risk for electronic chemical stocks Versum (VSM), Entegris (ENTG) and Cabot Micro (CCMP), Kapsch said he remains comfortable with his favorable views on Entegris and Cabot. He is more cautious on Versum, given more risk associated with the capital equipment cycle and his belief that its earnings growth may trail key peers. Kapsch keeps Buy ratings on Entegris and Cabot and a Hold rating on Versum.
05/14/18
ARGS
05/14/18
UPGRADE
Target $44
ARGS
Buy
Versum Materials upgraded to Buy at Argus on stronger environment, new products
As reported earlier, Argus analyst David Coleman upgraded Versum Materials to Buy from Hold with a price target of $44. Coleman says the company should continue to benefit from its separation from Air Products amid a "stronger industry environment and the launch of new products". The analyst also points to its recent earnings beat and raised FY18 outlook. Coleman further notes that the valuation on Versum is in line with the industry peers at 16.9-times forward earnings, but contends that the company's favorable growth prospects warrant a higher multiple.
03/26/18
JEFF
03/26/18
UPGRADE
Target $50
JEFF
Buy
Versum Materials upgraded to Buy from Hold at Jefferies
Jefferies analyst Laurence Alexander upgraded Versum Materials to Buy and raised his price target for the shares to $50 from $39. Logic and memory demand coupled with demand for new, higher-performance materials create an attractive environment for the company, Alexander tells investors in a research note. He believes Versum has a "more resilient growth profile" while trading only at a market multiple.
FOE Ferro
$20.70

-0.23 (-1.10%)

03/27/18
BMOC
03/27/18
INITIATION
Target $29
BMOC
Outperform
Ferro initiated with an Outperform at BMO Capital
BMO Capital analyst John McNulty started Ferro with an Outperform rating and $29 price target.
10/13/17
KEYB
10/13/17
NO CHANGE
Target $27
KEYB
Overweight
Ferro price target raised to $27 from $23 at KeyBanc
KeyBanc analyst Michael Sison raised his price target on Ferro to $27 and maintained an Overweight rating, forecasting double-digit EPS growth over the next few years. Sison says the company has a solid M&A strategy, which will remain a core growth driver, as well as prospects for further organic expansion in FY18.

TODAY'S FREE FLY STORIES

WFC

Wells Fargo

$52.12

0.7 (1.36%)

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CVS

CVS Health

$74.49

1.33 (1.82%)

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WTI

W&T Offshore

$7.38

0.12 (1.65%)

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TYME

Tyme Technologies

$2.52

-0.11 (-4.18%)

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TDC

Teradata

$35.00

0.87 (2.55%)

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Teradata to hold customer conference »

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AMTD

TD Ameritrade

$50.52

0.72 (1.45%)

08:23
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Conference/Events
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IMPV

Imperva

$55.32

0.05 (0.09%)

08:21
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08:21
Downgrade
Imperva rating change  »

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$DJT

DJ Transportation Average

$0.00

(0.00%)

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DFS

Discover

$74.60

0.365 (0.49%)

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$DJU

DJ Utility Average

$0.00

(0.00%)

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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Dow Jones Industrial Average: Pivot points »

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IYT

iShares Transportation Average

$188.69

1.55 (0.83%)

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General news
NY Empire State index preview: »

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XLK

Technology Select Sector SPDR

$70.83

2.15 (3.13%)

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CDAY

Ceridian

$36.23

0.53 (1.48%)

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Ceridian to hold a conference »

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XLE

Energy Select Sector SPDR

$72.95

0.2 (0.27%)

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XLY

Consumer Discretionary Sector SPDR

$108.56

2.05 (1.92%)

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XLB

S&P Select Materials SPDR

$53.78

0.18 (0.34%)

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KLAC

KLA-Tencor

$93.18

1.37 (1.49%)

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HAS

Hasbro

$98.33

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XLU

Utilities SPDR

$52.97

-0.04 (-0.08%)

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SPX

S&P 500

$0.00

(0.00%)

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S&P 500: Pivot points »

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XLP

Consumer Staples Sector SPDR

$52.38

0.29 (0.56%)

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XLV

Health Care Select Sector SPDR

$91.07

1.37 (1.53%)

08:18
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Technical Analysis
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GAIN

Gladstone Investment

$10.57

-0.13 (-1.22%)

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