Despite Housing Market Jitters, Paint Giant Is Set To Deliver: Analyst
Portfolio Pulse from AJ Fabino
Despite housing market downturn, Jefferies analyst Laurence Alexander upgraded Sherwin-Williams Co (NYSE:SHW) from Hold to Buy and raised the price target to $275 from $240. The company is set for earnings growth and could offer investors a buffer against headwinds.
May 24, 2023 | 4:18 pm
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POSITIVE IMPACT
Sherwin-Williams upgraded to Buy by Jefferies analyst, with a raised price target of $275. The company is expected to outperform despite housing market challenges.
The Jefferies analyst upgraded Sherwin-Williams to Buy and raised the price target, indicating a positive outlook for the company. Despite housing market challenges, the company is set for earnings growth and could offer investors a buffer against headwinds, making it likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Black Knight Inc (NYSE:BKI) data shows a 13% spike in the national delinquency rate in April, indicating potential stress in the housing sector.
The data from Black Knight Inc showing a 13% spike in the national delinquency rate in April indicates potential stress in the housing sector. This could have a negative short-term impact on the stock price as it may raise concerns among investors about the overall health of the housing market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50