New Buy Rating for Sherwin-Williams Company (SHW), the Basic Materials Giant
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Sherwin-Williams Company on June 4 and set a price target of $391.00. The company’s shares closed yesterday at $300.09.
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According to TipRanks, Viswanathan is a 3-star analyst with an average return of 1.6% and a 49.40% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, RPM International, and Sherwin-Williams Company.
In addition to RBC Capital, Sherwin-Williams Company also received a Buy from BMO Capital’s John McNulty in a report issued on June 4. However, on June 3, Wells Fargo reiterated a Hold rating on Sherwin-Williams Company (NYSE: SHW).
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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