Nomura Securities U.S. Conviction Buy List: Adding Sherwin-Williams (SHW), Removing Cablevision (CVC)

Nomura Securities U.S. Conviction Buy List:

Analyst, Michael Lean, said, "We are adding Sherwin-Williams (NYSE: SHW) to our US Conviction Buy List following our initiation today with a Buy rating and $137 price target. We find the stock attractive given the company’s excellent ROIC, talented management team, steady track record of financial stewardship, strong cash generation and low-cost format. We have removed Cablevision (NYSE: CVC) from our US Conviction Buy List. Our analyst maintains a Buy rating on CVC with a $23 price target, but notes there could be risk to our estimates should CVC exceed and sustain 5x leverage throughout 2012. Other stocks on our US Conviction Buy List are: Dover (NYSE: DOV), Goldman Sachs (NYSE: GS), Limited (NYSE: LTD), Marriott (NYSE: MAR), Maxim Integrated (Nasdaq: MXIM), News Corp (Nasdaq: NWSA), Oracle (Nasdaq: ORCL), PetSmart (Nasdaq: PETM), PNC Financial (NYSE: PNC), and Viacom (Nasdaq: VIAB)."

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