Barclays Raises PT and Estimates on Sherwin-Williams (SHW); Performing Well As Long As N.American Demand Stays Up
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Price: $188.71 --0%
Rating Summary:
5 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Rating Summary:
5 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 16
Trade SHW Now!
Barclays maintains an 'Equalweight' on Sherwin-Williams (NYSE: SHW) price target of $135.00 (from $122.00).
Analyst, Duffy Fischer, said, "SHW reported Q2'12 EPS of $2.17, which was 5c above consensus and 10c above the high-end of their Q2 guidance...Overall, we believe that SHW will continue to perform well as long as demand for paints and coatings, especially in North America, continues to grow."
"Improvements in U.S. Housing & Construction, moderation in raw material costs (Petrochemical & TiO2 based), and higher y/y pricing, could all be catalysts to SHW's business in 2H." (FY12 EPS estimate raised from $6.15 to $6.37 and FY13 from $7.25 to $7.52.
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 $129.61 yesterday, with a 52 week range of $69.47-$133.97.
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Analyst, Duffy Fischer, said, "SHW reported Q2'12 EPS of $2.17, which was 5c above consensus and 10c above the high-end of their Q2 guidance...Overall, we believe that SHW will continue to perform well as long as demand for paints and coatings, especially in North America, continues to grow."
"Improvements in U.S. Housing & Construction, moderation in raw material costs (Petrochemical & TiO2 based), and higher y/y pricing, could all be catalysts to SHW's business in 2H." (FY12 EPS estimate raised from $6.15 to $6.37 and FY13 from $7.25 to $7.52.
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 $129.61 yesterday, with a 52 week range of $69.47-$133.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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