UPDATE: Nomura Securities Upgrades Sherwin-Williams (SHW) to Buy
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Price: $346.59 +0.14%
Rating Summary:
21 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
21 Buy, 16 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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(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.
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.
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