CLSA raised its EPS estimates on Sherwin-Williams Co (NYSE: SHW) on productivity gains of Valspar despite tough macro environment.
The brokerage increased its 2017 and 2018 pro-forma EPS estimates for Sherwin to $15.10 and $17.65 from $15.00 and $17.55 on Valspar's recent results.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
"While Valspar's end markets remains uneven, we're encouraged by productivity gains. We believe the synergy targets are easily achievable after adjusting for potential divestitures. And we expect there to be upside to legacy Valspar margins once that business is housed in the Sherwin portfolio," analyst Nils-Bertil Wallin wrote in a note.
Wallin says the productivity gains from Valspar and potential optimization of legacy assets through rationalization and higher throughput should offset the limited margin expansion in legacy Valspar business.
Wallin has a Buy rating and $350 target price on Sherwin shares, which is currently up 0.46 percent to $275.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.