Evercore ISI raised the firm’s price target on Sherwin-Williams to $360 from $355 and keeps an Outperform rating on the shares, telling investors that Sherwin provided “a conservative yet view realistic 2024 outlook.” Despite the guidance mid-point falling below the street’s $11.35 forecast for calendar 2024, the firm believes “consensus numbers have more upside than down” and its own 2024 estimate is raised to $11.40 on mix improvement, while its 2025 estimate of $12.75 “suggests $13 is in play.”
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Read More on SHW:
- Sherwin-Williams sees Q1 revenue down to up in low-single digits
- Sherwin-Williams sees FY24 adjusted EPS $10.85-$11.35, consensus $11.33
- The Sherwin-Williams Company Reports 2023 Year-End and Fourth Quarter Financial Results
- Sherwin-Williams reports Q4 adjusted EPS $1.81, consensus $1.80
- Notable companies reporting before tomorrow’s open
