FMP

FMP

Enter

BMO Capital Views Sherwin-Williams as a Promising Short and Long Term Investment Opportunity

- (Last modified: Jan 17, 2024 1:25 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

BMO Capital analysts reaffirmed an Outperform rating with a target price of $340.00 for Sherwin-Williams (NYSE:SHW). The analysts' comments come in the wake of Kelly-Moore (KM), a significant private paint store and architectural coatings company based on the West Coast, declaring Chapter 11 bankruptcy and ceasing operations immediately. This development is seen as an advantageous opportunity for Sherwin-Williams to capture immediate business gains in the short term.

In the longer term, the analysts anticipate that Sherwin-Williams will likely enhance its store density to secure a larger share of the West Coast contractor and professional market. The bankruptcy of Kelly-Moore is viewed positively for Sherwin-Williams as it removes a major regional competitor. Sherwin-Williams' market share in the Kelly-Moore territory was not as strong as in other parts of the U.S., given Kelly-Moore's long-standing regional presence and considerable brand loyalty. Consequently, this situation presents Sherwin-Williams with both short-term and long-term growth opportunities.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title

May 27, 2024 3:30 PM - Rajnish Katharotiya

The best 5 GPU stocks other than NVDA

In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep