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Wells Fargo Sticks to Their Hold Rating for Sherwin-Williams Company (SHW)

Tipranks - Sat Jun 6, 8:28AM CDT

Wells Fargo analyst Michael Sison reiterated a Hold rating on Sherwin-Williams Company on June 3 and set a price target of $350.00. The company’s shares closed yesterday at $296.49.

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According to TipRanks, Sison is an analyst with an average return of -1.1% and a 42.02% success rate. Sison covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Albemarle, and Celanese.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sherwin-Williams Company with a $368.70 average price target, representing a 24.35% upside. In a report released on June 2, UBS also downgraded the stock to a Hold with a $330.00 price target.

Based on Sherwin-Williams Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.67 billion and a net profit of $534.7 million. In comparison, last year the company earned a revenue of $5.31 billion and had a net profit of $503.9 million

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