Barclays Raises Estimates and Price Target on Valspar (VAL); Strong Margins in Coating

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February 15, 2012 1:48 PM EST
Get Alerts VAL Hot Sheet
Price: $85.62 +0.58%

Rating Summary:
    0 Buy, 11 Hold, 8 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on Valspar (NYSE: VAL) price target raised from $40 to $48.

Analyst, Christopher J. Nocella, said, "VAL reported Q1'12 EPS (FY end 10/31) of $0.62, which was a nice beat versus consensus estimate of 48 c/sh. Overall sales were up 5.1% in the quarter and EBIT margins of 10.9% was meaningfully above our expectation of 8.8%...We have increased our '12 EPS to $3.12 from $3.04 and our '13E EPS to $3.50 from $3.46."

For an analyst ratings summary and ratings history on Valspar click here. For more ratings news on Valspar click here.

Shares of Valspar closed at $45.82 yesterday.

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