{"id":8074,"date":"2023-06-26T13:45:27","date_gmt":"2023-06-26T13:45:27","guid":{"rendered":"https:\/\/imsfund.com\/?p=8074"},"modified":"2023-06-26T13:45:27","modified_gmt":"2023-06-26T13:45:27","slug":"buy-sherwin-williams-on-a-slightly-better-than-expected-housing-market-bmo-says","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2023\/06\/26\/buy-sherwin-williams-on-a-slightly-better-than-expected-housing-market-bmo-says\/","title":{"rendered":"Buy Sherwin-Williams on a slightly better-than-expected housing market, BMO says"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Stronger demand for materials and a better-than-expected housing market could lift Sherwin-Williams , according to BMO Capital Markets. The firm upgraded the paint maker to outperform from market perform on Monday, with a $275 per share price target. BMO&#8217;s forecast implies just above 11% upside from the stock&#8217;s $247.04 close on Friday. Sherwin-Williams stock has gained more than 4% year to date. SHW YTD mountain Sherwin-Williams stock has ticked up roughly 4% from the start of the year. BMO analyst John McNulty said that a slightly warmer housing market underpins the firm&#8217;s upgrade to earnings per share in 2024 and 2025. He added that Sherwin-Williams could add 40 basis points to pretax margins as well as 80 basis points to EBITDA margins \u2014 which will &#8220;likely prove to be conservative given the price\/ raws dynamic.&#8221; &#8220;With growing conviction in our above consensus estimates and a belief that there may be upside to our estimates given numerous tailwinds (raws in the near-term housing in the longer term) that could drive solid momentum in earnings and the stock, we feel the risk\/reward was compelling relative to other names in the chemical space (where numbers may be coming down), and as such we are raising our rating to Outperform,&#8221; McNulty said. \u2014 CNBC&#8217;s Michael Bloom contributed to this report.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2023\/06\/26\/buy-sherwin-williams-on-a-slightly-better-than-expected-housing-market-bmo-says.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stronger demand for materials and a better-than-expected housing market could lift Sherwin-Williams , according to BMO Capital Markets. The firm upgraded the paint maker to outperform from market perform on Monday, with a $275 per share price target. BMO&#8217;s forecast implies just above 11% upside from the stock&#8217;s $247.04 close on Friday. Sherwin-Williams stock has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":8075,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/104047347-GettyImages-148582847.jpg?v=1687778043&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-8074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/8074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=8074"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/8074\/revisions"}],"predecessor-version":[{"id":8076,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/8074\/revisions\/8076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/8075"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=8074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=8074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=8074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}