Sherwin-Williams (SHW) PT Lowered to $286 at BofA Securities, 'risk to valuation'

Sherwin-Williams (SHW) PT Lowered to $370 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the price target on Sherwin-Williams (NYSE: SHW) to $370.00 (from $380.00) while maintaining a Outperform rating.

The analyst comments "We lower our EPS estimates slightly and our PT to $370 from $380. We maintain our Outperform as we believe SHW's investments and... More

KeyBanc Upgrades Sherwin-Williams (SHW) to Overweight

KeyBanc analyst Kenneth Zener upgraded Sherwin-Williams (NYSE: SHW) from Sector Weight to Overweight with a price target of $400.00.

The analyst comments "We upgrade SHW to Overweight from Sector Weight with a Price Target of $400, taking advantage of the 13% pullback in shares since the recent peak... More

Sherwin-Williams (SHW) PT Lowered to $377 at BMO Capital

BMO Capital analyst John McNulty lowered the price target on Sherwin-Williams (NYSE: SHW) to $377.00 (from $385.00) while maintaining a Outperform rating.

The analyst commented, "SHW 1Q was disappointing, as weather and customer project delays in the seasonally light 1Q more than offset early... More

Sherwin-Williams (SHW) PT Lowered to $315 at JPMorgan

JPMorgan analyst Jeffrey Zekauskas lowered the price target on Sherwin-Williams (NYSE: SHW) to $315.00 (from $317.00) while maintaining a Overweight rating.... More

Sherwin-Williams (SHW) PT Lowered to $380 at Loop Capital

(Updated - April 24, 2024 7:29 AM EDT)

Loop Capital analyst Garik Shmois lowered the price target on Sherwin-Williams (NYSE: SHW) to $380.00 (from $395.00) while maintaining a Buy rating.

The analyst commented: "SHW's 1Q missed on sluggish volumes, and it looks like... More

Sherwin-Williams (SHW) PT Raised to $310 at Baird

(Updated - April 24, 2024 6:38 AM EDT)

Baird analyst Ghansham Panjabi raised the price target on Sherwin-Williams (NYSE: SHW) to $310.00 (from $300.00) while maintaining a Neutral rating.

The analyst commented: "Reiterate Neutral rating. In our opinion, current end-market weakness is a function of the... More

Morgan Stanley Comments on Sherwin-Williams (SHW) Earnings

Morgan Stanley analyst Vicent Andrews reiterated an Overweight rating and $338.00 price target on Sherwin-Williams (NYSE: SHW).

The analyst comments "We expect share price weakness today on softer than expected 1Q results - we would buy this weakness as our recent survey (see... More

Wolfe Research Reiterates Peerperform Rating on Sherwin-Williams (SHW)

Wolfe Research analyst Chris Parkinson reiterated a Peerperform rating on Sherwin-Williams (NYSE: SHW).

The analyst comments "SHW reported 1Q adj. EPS of $2.17 vs. FS consensus of $2.22 and WR estimates of $2.30. FY guidance remains $10.85-$11.35 (as expected, no changes to FY24 EPS until 2Q... More

Mizuho Comments on Sherwin-Williams (SHW) Earnings

Mizuho analyst John Roberts reiterated a Buy rating and $334.00 price target on Sherwin-Williams (NYSE: SHW).

The analyst comments "Unchanged FY24 adj. EPS guide mid pt. of $11.15 vs. $11.15/$11.45 MSUSAe/Bloomberg Cons. Seasonally low MarQ24 sames-store vol. down slightly, consistent with slow CY24 start... More

BMO Capital Comments on Sherwin-Williams (SHW) Earnings

BMO Capital analyst John McNulty reiterated an Outperform rating and $385.00 price target on Sherwin-Williams (NYSE: SHW).

The analyst comments "Expectations were elevated going into the seasonally light 1Q and unfortunately SHW didn't deliver, with a modest earnings miss vs. expectations for a beat.... More

Goldman Sachs Comments on Sherwin-Williams (SHW) Earnings

Goldman Sachs analyst Duffy Fischer reiterated a Buy rating and $348.00 price target on Sherwin-Williams (NYSE: SHW).

The analyst comments "1) Results: SHW reported 1Q24 EPS of $2.17 versus Bloomberg consensus of $2.22 and year-ago $2.04. Revenue of $5,367mn was 2.6% below consensus and 1.4% below year-ago levels. 2) Guide: SHW kept the FY guide unchanged (which they pledged to do on the Q4... More

Deutsche Bank Comments on Sherwin-Williams (SHW) Earnings

Deutsche Bank analyst David Begleiter reiterated a Buy rating and $350.00 price target on Sherwin-Williams (NYSE: SHW).

The analyst comments "Sherwin provided Q2 sales guidance of flat-to-up low-single digits (cons: +3%). As noted above, given the growth investments Sherwin has and is continuing to... More

Evercore ISI Comments on Sherwin-Williams (SHW) Earnings

Evercore ISI analyst Greg Melich reiterated an Outperform rating and $350.00 price target on Sherwin-Williams (NYSE: SHW).

The analyst comments "SHWs 1Q sales soft, margins strong, equaling a slight EPS miss with guidance unchanged. Mgmt indicated three months ago that no full year... More

Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise

(Updated - April 23, 2024 11:45 AM EDT)

Investing.com -- Main U.S. indexes climbed Tuesday ahead of earnings reports from megacap tech companies later this week.

Here are some of the biggest premarket U.S. stock movers today:

Apple (NASDAQ: AAPL) stock rose 0.3% despite news that iPhone sales in China plummeted by 19% during the March quarter, according to data from Counterpoint Research, marking the device's poorest performance in the region since the onset of Covid around... More

Sherwin-Williams (SHW) Misses Q1 EPS by 5c, provides guidance

Sherwin-Williams (NYSE: SHW) reported Q1 EPS of $2.17, $0.05 worse than the analyst estimate of $2.22. Revenue for the quarter came in at $5.37 billion versus the consensus estimate of $5.5 billion.

GUIDANCE:

Sherwin-Williams sees FY2024 EPS of $10.85-$11.35, versus the consensus of $11.45.

For earnings history and earnings-related data on Sherwin-Williams (SHW) click here.