KeyBanc Reinstates Coverage on Sherwin-Williams (SHW) at Hold; Best in Class U.S. Architectural Paint
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Price: $359.10 -0.68%
Rating Summary:
21 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
21 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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KeyBanc reinstates coverage on Sherwin-Williams (NYSE: SHW) with a Hold.
KeyBanc analyst says, "SHW is high quality operator with a dominant market position in the North American architectural paint market. That said, we believe that North American architectural markets are set to remain sluggish through 2012, with new construction as well as housing turnover staying fairly depressed. Additionally, along with the rest of the paints and coatings industry, SHW still battles inflating raw material costs, particularly from TiO2. Still, the Company persists in its plans for expansion, through both growing store count and acquisitions primarily in its global businesses."
For more ratings news on Sherwin-Williams click here and for the rating history of Sherwin-Williams click here.
Shares of Sherwin-Williams closed at $76.30 yesterday.
KeyBanc analyst says, "SHW is high quality operator with a dominant market position in the North American architectural paint market. That said, we believe that North American architectural markets are set to remain sluggish through 2012, with new construction as well as housing turnover staying fairly depressed. Additionally, along with the rest of the paints and coatings industry, SHW still battles inflating raw material costs, particularly from TiO2. Still, the Company persists in its plans for expansion, through both growing store count and acquisitions primarily in its global businesses."
For more ratings news on Sherwin-Williams click here and for the rating history of Sherwin-Williams click here.
Shares of Sherwin-Williams closed at $76.30 yesterday.
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