Movement Alert｜Sherwin-Williams Intraday Rise 3.15% in Regular Trading, BNP Paribas Cuts Price Target to $352

Market Focus11-02 22:41

On November 2, Sherwin-Williams rose 3.15% in Regular Trading, trading at $342.66, with turnover of $27.60 million.

The most recent catalyst in public news was BNP Paribas lowering its price target to $352 from $360, while that revised target still remained above the current share price. Market-tracked analyst sentiment also remained constructive, with an average rating of overweight and a mean target price around $375.52.

Recent company results provide the broader backdrop: third-quarter sales were $6.86 billion, above expectations, while adjusted EPS was $3.63, below the $3.69 consensus estimate. Management said gross margin was pressured by higher raw material and supply-chain costs, as well as dilution from Suvinil and mix effects, helping explain why the stock had been pressured after earnings before rebounding.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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