Evercore ISI raised the firm’s price target on Sherwin-Williams to $380 from $365 and keeps an Outperform rating on the shares. Sherwin’s first analyst day with CEO Heidi Petz “reinforced the customer service and winning culture which defines the company,” the analyst tells investors. While noting that no updates were provided on 2024, the firm says the new medium term targets “suggest plenty of upside” to the Street’s $12.85 EPS estimate for 2025 when volume turns.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHW:
- Sherwin-Williams price target raised to $415 from $392 at Jefferies
- Sherwin-Williams Secures New $2.5 Billion Credit Facility
- Sherwin-Williams price target raised to $375 from $338 at Morgan Stanley
- Sherwin-Williams price target raised to $385 from $350 at Deutsche Bank
- Sherwin-Williams price target raised to $418 from $370 at RBC Capital