Argus Upgrades Sherwin-Williams (SHW) to Buy

October 10, 2016 7:10 AM EDT
Get Alerts SHW Hot Sheet
Price: $265.06 -0.31%

Rating Summary:
    14 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Argus upgraded Sherwin-Williams (NYSE: SHW) from Hold to Buy with a price target of $300.00 amid the recent pullback.

The analysts said the company is well-positioned as the housing recovery matures, home owners seek to improve the value of existing homes, and contractors build high-quality new homes.

They recently raised 2016 non-GAAP EPS forecast to $12.63 from $12.47, implying growth of 12.6% from last year’s $11.16. EPS forecast for 2017 of $13.89.

For an analyst ratings summary and ratings history on Sherwin-Williams click here. For more ratings news on Sherwin-Williams click here.

Shares of Sherwin-Williams closed at $268.74 yesterday.

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