Nomura Securities Maintains a 'Buy' on Sherwin-Williams (SHW); Beginning To Take Control
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Price: $184.30 +0.45%
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade SHW Now!
Nomura Securities maintains a 'Buy' on Sherwin-Williams (NYSE: SHW) price target of $160.00.
Analyst, Aram Rubinson, said, "We see Sherwin-Williams more as a brand than an industrials company. At its recent Analyst Day presentation, there were 20 instances SHW used the term “control” to refer to distribution. Control creates consistency, and consistency is required to sustain a brand. Not everything is in SHW’s control. The company has seen plenty of macro pressures in recent years. While Q1 benefited from strong demand and favorable weather, we believe strong trends have persisted into Q2. We feel comfortable with our +15% same-store-sales forecast and our above-Street estimates. F12E/F13E EPS of $7.00/$8.85 vs the Street at $6.22/$7.40."
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 $130.51 yesterday, with a 52 week range of $69.47-$133.97.
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Analyst, Aram Rubinson, said, "We see Sherwin-Williams more as a brand than an industrials company. At its recent Analyst Day presentation, there were 20 instances SHW used the term “control” to refer to distribution. Control creates consistency, and consistency is required to sustain a brand. Not everything is in SHW’s control. The company has seen plenty of macro pressures in recent years. While Q1 benefited from strong demand and favorable weather, we believe strong trends have persisted into Q2. We feel comfortable with our +15% same-store-sales forecast and our above-Street estimates. F12E/F13E EPS of $7.00/$8.85 vs the Street at $6.22/$7.40."
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 $130.51 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
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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