Nomura Securities Maintains a 'Buy' on Sherwin-Williams (SHW); Q2 Preview: Should Be Good

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

Analyst, Aram Rubinson, said, "SHW is set to report Q2 results on Thursday, July 19. Q2 should be good, just not ‘pre-announce’ good. Our $2.23 EPS estimate is $0.11 above the Street and presumes SSS growth of 15%. One of SHW’s most attractive investment features, in our view, is that there are multiple ways for investors to win, including price, volume and margin. We estimate that, combined, those factors could ultimately drive $14-15 in EPS power. If we put the potential price + volume + margin scenarios into a financial model, we think we could see long-term EPS potential of $14-15 over the next four years or so. While that does not fully contemplate the $14-15 in EPS power we can envision, the high target multiple suggests our target does embed continued recovery post-2013."

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 $127.23 yesterday.

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