Movement Alert｜Sherwin-Williams falls 3.02% in Regular Trading, BNP Paribas cuts price target to 352 dollars

Market Focus00:39

On November 4, Sherwin-Williams recorded an Intraday Decline of 3.02% in Regular Trading, trading near 341.655 dollars with turnover of 142 million dollars.

The key catalyst in the latest market updates was BNP Paribas lowering its price target on Sherwin-Williams to 352 dollars from 360 dollars, signaling a more cautious valuation stance even though the revised target remains above the current share price.

Recent background helps explain that caution: Sherwin-Williams reported third-quarter adjusted EPS of 3.63 dollars, below the 3.69-dollar consensus, while revenue of 6.86 billion dollars beat expectations. Management also narrowed full-year adjusted EPS guidance to 11.85 to 12.15 dollars, and said gross margin was pressured by higher raw material and supply-chain costs as well as dilution from Suvinil. Consensus analyst positioning still points to an overweight-style view, with the average target above current trading levels.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment