2023-07-18 09:25:02 ET
Sherwin-Williams ( NYSE: SHW ) on Tuesday was picked as a short-term Buy idea by analysts at Deutsche Bank. Their catalyst call said the maker of paints and coatings is poised to raise its EPS guidance for the year on strong results in Q2.
The bank estimates Sherwin-Williams ( SHW ) will report EPS of $2.70 for the June quarter, compared with the average estimate among Wall Street analysts of $2.65. The company is scheduled to report earnings on July 25.
Sherwin-Williams ( SHW ) is benefiting from resilience in the U.S. housing market and lower costs for petrochemical feedstocks to make paint.
More about Sherwin-Williams
- Homebuilder, construction materials stocks climb after housing prices jump
- Albemarle, Linde, Eastman are top picks in new chemicals coverage at Citi
- Sherwin-Williams upgraded to Buy at Jefferies on housing recovery
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Sherwin-Williams picked as short-term Buy idea at Deutsche Bank