Fly News Breaks for June 6, 2019
Jun 6, 2019 | 08:15 EDT
Baird analyst Ghansham Panjabi said Sherwin-Williams is on track to deliver high-quality low-to-mid teens type earnings growth over the next 3+ years. The analyst cited a combination of favorable end-market dynamics on a secular basis, lower interest rates, a muted raw material cost backdrop, and a likely shift towards an offensive allocation bias. Panjabi reiterated his Outperform rating and $525 price target on Sherwin-Williams shares.
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