tiprankstipranks
Sherwin-Williams price target lowered to $251 from $270 at Citi
The Fly

Sherwin-Williams price target lowered to $251 from $270 at Citi

Citi analyst P.J. Juvekar lowered the firm’s price target on Sherwin-Williams to $251 from $270 and keeps a Neutral rating on the shares following the earnings call. A depressed U.S. housing outlook from weaker single family permits and single family starts is expected to create a difficult operating environment for Sherwin’s architectural and pro end markets, the analyst tells investors in a research note. The firm lowered fiscal 2023 earnings estimate by 17% on the back of weaker topline growth and taking down average operating margin.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on SHW:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles