Industrial paintmaker Sherwin-Williams profit misses estimates on weak demand
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October 24, 2024 6:44 AM EDT
RBC Capital analyst Arun Viswanathan lowered the price target on Sherwin-Williams (NYSE: SHW) to $446.00 (from $455.00) while maintaining a Outperform rating.
The analyst comments "While we think investors were looking for a stronger 3Q, SHW should still see positives from share gains, and... More
October 23, 2024 6:29 AM EDT
Baird analyst Ghansham Panjabi raised the price target on Sherwin-Williams (NYSE: SHW) to $360.00 (from $350.00) while maintaining a Neutral rating.
The analyst comments "Remain Neutral rated. Noting that the end-markets remain sluggish in aggregate, pressured by elevated interest rates (including a recent reversal... More
October 23, 2024 6:15 AM EDT
Goldman Sachs analyst Duffy Fischer reiterated a Buy rating and $410.00 price target on Sherwin-Williams (NYSE: SHW).
The analyst comments "SHW reported 3Q24 EPS of $3.37 versus Bloomberg consensus of $3.53 and year-ago $3.20. SHW's core Paint Stores Group grew SSS by 2.2% (inclusive of a ~1% hurricane hit), however the other two segments saw declining sales as FX and DIY volumes hurt... More
October 23, 2024 5:57 AM EDT
Evercore ISI analyst Greg Melich lowered the price target on Sherwin-Williams (NYSE: SHW) to $400.00 (from $410.00) while maintaining a Outperform rating.
The analyst comments "Grabbing share and building a moat can make for volatile earnings. 3Q sales were a touch soft, while SG&A investment (consolidating share) led to a $0.20 miss; street estimates are likely to... More
