Nomura Securities Maintains a 'Buy' on Sherwin-Williams (SHW); Trimming Street-High Estimates

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Nomura Securities maintains a 'Buy' on Sherwin-Williams (NYSE: SHW) price target of $160.00.

Analyst, Aram Rubinson, said, "Our 2012 EPS estimate is 3% lower, at $6.80 (from $7.00). Our 2013 EPS estimate is 2% lower at $8.70 (from $8.85). These new estimates are still healthily ahead of a rising consensus by 8% and 12%, respectively. The changes reflect ~2-3% less in realized pricing. The Street’s preference for volume (more sustainable) over price (more fleeting) drove the favorable reaction to Q2 results. Our volume growth estimates are now 2% higher."

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 $132.43 yesterday, with a 52 week range of $69.47-$133.97.

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