Morgan Stanley Updates Its Model For Valspar Following F1Q14 Report - Valaris (NYSE:VAL)

27% profit every 20 days?

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In a report published Friday, Morgan Stanley analyst Charles A. Dan reiterated an Underweight rating and $67.00 price target on Valspar (NYSE: VAL).In the report, Morgan Stanley noted, “We are trimming our F14 estimates, as Paint margins are unlikely to expand by as much as we had forecast and traction with B&Q gets pushed further out. Expectations are likely still too high for F14-15. We do not believe the recent rally is justified by the fundamentals.”Valspar closed on Friday at $75.08.

27% profit every 20 days?

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