Jefferies analyst Laurence Alexander raised the firm’s price target on Sherwin-Williams to $415 from $392 and keeps a Buy rating on the shares. The firm, which expects Sherwin-Williams to “take a balanced tone” at its upcoming capital markets day, expects “a plausible base case” is for the company to reiterate mid-single digit sales growth over the cycle, lift the gross margin range to 46%-51% from 45%-48% and EBITDA margins to 19%-22% from 19%-21%, while potentially becoming “more aggressive on working capital and cash conversion,” the analyst tells investors.
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 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
- Sherwin-Williams price target raised to $386 from $360 at BMO Capital