UPDATE: Nomura Securities Upgrades Sherwin-Williams (SHW) to Buy

(Updated - April 15, 2013 2:06 PM EDT)

Nomura Securities upgraded Sherwin-Williams (NYSE: SHW) from Neutral to Buy with a price target of $200 from $170. Analyst Aram Rubinson said he admires the company's business prospects and its management team.

"SHW shares are up 7% since November ‘12, when the shares were trading at 15x our ‘14 EPS estimate, but we have since moved that estimate 5% higher. Q1 (April 18th) is not likely to be a blowout. We expect EPS to be in line with guidance at $1.08. SHW is a well-managed company in a high-return business set against a backdrop of improving sales and margin trends. SHW is also improving its competitive position via acquisition," said Rubinson.

For an analyst ratings summary and ratings history on Sherwin-Williams (NYSE: SHW) click here. For more ratings news on Sherwin-Williams click here.

Shares of Sherwin-Williams closed at $170.74 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Aebi Schmidt Holding AG (AEBI) PT Raised to $17 at DA Davidson Following Q2 Results
• Nyxoah SA (NYXH) PT Lowered to $6 at Cantor Fitzgerald to Reflect Current Trading Levels
• Deutsche Bank Downgrades Netskope (NTSK) to Hold on Valuation