The Sherwin-Williams Company Reports 2023 Year-End and Fourth Quarter Financial Results
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February 3, 2024 8:00 AM EST
Citi Research reiterated a Buy rating on Sherwin-Williams (NYSE: SHW), designating the paint manufacturing company as a new "Top Pick" following a fourth quarter beat and conference call.
During the call, Sherwin-Williams disclosed its anticipation of substantial growth in residential repaint, projecting a mid-single-digit volume expansion despite a flat market outlook. The company highlighted strategic investments made during the economic downturn, resulting in... More
January 29, 2024 4:31 AM EST
Citi analyst Pat Cunningham reiterated a Buy rating and $360.00 price target on Sherwin-Williams (NYSE: SHW).
The analyst comments "We estimate FY24 EPS at $11.5, above the top-end of guide as we expect EBIT margins to expand ~100 bps Y/Y driven by strong volume... More
