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Fly News Breaks for July 24, 2019
Jul 24, 2019 | 07:14 EDT
KeyBanc analyst Michael Sison raised his price target for Sherwin-Williams to $525 from $500 as he still sees DD EPS growth despite weaker demand. Additionally, the analyst is seeing "solid" year over year margin expansion in all segments and healthy growth from its "Paint Stores," which could accelerate in the second half of 2019. The combination of the organic growth engine in the stores, integration synergies, and pricing, which can expand margins when raw materials moderate, gives him high confidence in hi 2019 outlook. Sison reiterates an Overweight rating on the shares.
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