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Analysts Offer Insights on Materials Companies: Sherwin-Williams Company (SHW) and Orica Limited (OtherOCLDF)

Tipranks - Thu May 7, 5:32AM CDT

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Sherwin-Williams Company (SHW) and Orica Limited (OCLDF) with bullish sentiments.

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Sherwin-Williams Company (SHW)

In a report released yesterday, Vincent Andrews from Morgan Stanley maintained a Buy rating on Sherwin-Williams Company, with a price target of $385.00. The company’s shares closed last Tuesday at $312.46.

According to TipRanks.com, Andrews is a 3-star analyst with an average return of 2.0% and a 58.6% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Cf Industries Holdings, and Westlake Corporation. ;'>

Sherwin-Williams Company has an analyst consensus of Strong Buy, with a price target consensus of $383.00, which is a 22.6% upside from current levels. In a report issued on April 25, TipRanks – Google also upgraded the stock to Buy with a $373.00 price target.

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Orica Limited (OCLDF)

In a report released yesterday, Mark Wilson CFA from RBC Capital maintained a Buy rating on Orica Limited, with a price target of $27.00. The company’s shares closed last Tuesday at $13.80.

CFA has an average return of 1.0% when recommending Orica Limited. ;'>

According to TipRanks.com, CFA is ranked #9358 out of 12228 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Orica Limited with a $19.39 average price target, implying a 40.5% upside from current levels. In a report issued on April 20, TipRanks – PerPlexity also upgraded the stock to Buy with a A$22.50 price target.

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