Sherwin-Williams (SHW) Tops Q4 EPS by 1c, offers guidance
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This Industry stock is a new 'Top Pick' at Citi
February 3, 2024 8:00 AM ESTCiti Research reiterated a Buy rating on Sherwin-Williams (NYSE: SHW), designating the paint manufacturing company as a new "Top Pick" following a fourth quarter beat and conference call.
During the call, Sherwin-Williams disclosed its anticipation of substantial growth in residential repaint, projecting a mid-single-digit volume expansion despite a flat market outlook. The company highlighted strategic investments made during the economic downturn, resulting in... More
Citi Names Sherwin-Williams (SHW) to Top Pick List
January 29, 2024 4:31 AM ESTCiti analyst Pat Cunningham reiterated a Buy rating and $360.00 price target on Sherwin-Williams (NYSE: SHW).
The analyst comments "We estimate FY24 EPS at $11.5, above the top-end of guide as we expect EBIT margins to expand ~100 bps Y/Y driven by strong volume... More
