Latest news with #MichaelSison
Yahoo
18-07-2025
- Business
- Yahoo
Wells Fargo Affirms Westlake Corp's (WLK) Equal Weight Rating Hikes Price Target
Westlake Corporation (NYSE:WLK) is one of the best chemical stocks to buy, according to billionaires. On June 14, Wells Fargo analyst Michael Sison increased the stock's price target to $90 from $76. Additionally, the analyst reiterated an 'Equal-Weight' rating for the stock. The stock rating and price target hike underscore the analyst's confidence in the petrochemical company's prospects. The analyst expects the company to perform in line with the market or better in the future. The bullish stance comes after the company announced the shutdown of its Pernis, Netherlands plant as it continues to trim European footprint. The shutdown is part of the company's European optimization strategy as it seeks to focus more on specific chemical production lines. Westlake Corporation (NYSE:WLK) is a chemicals company that manufactures and supplies essential products, including petrochemicals, polymers, and building products. Its products form the building blocks for many everyday items, from food packaging and medical devices to car interiors and construction materials. While we acknowledge the potential of WLK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and Goldman Sachs Penny Stocks: Top 12 Stock Picks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
CNBC
30-04-2025
- Business
- CNBC
Wells Fargo upgrades Sherwin-Williams to overweight, cites limited headwinds from tariffs
Sherwin-Williams looks to be relatively tariff-proof, according to Wells Fargo. The bank upgraded shares of the paint and coatings manufacturer to an overweight rating from equal weight. Analyst Michael Sison's price target of $420, up from $350, corresponds to a potential upside of 21%. Shares of Sherwin-Williams have added 2.4% this year. SHW 1Y mountain SHW 1Y chart Sison pointed out that Sherwin-Williams should be strong enough to hedge against any potential tariff headwinds. "SHW noted in its release that given the majority of its revenue comes from the US (80% from the US, 2% from China), tariff impacts are likely limited to raw materials," he wrote. "However, the majority of raw materials are sourced from the regions in which the related products are manufactured. Thus, while SHW does plan to update guidance with results in July, tariffs are unlikely to have a significant impact as it stands." As another reason for the upgrade, Sison pointed to Sherwin-William's strong fundamental backdrop, including its "exceptional execution" that continues to drive earnings growth. The company's strong pricing has also continued to raise its paint stores margin growth. "We upgrade SHW to OW based on consistent above-market growth despite a challenging macro. We are encouraged by SHW's share gains, new account wins, and efficiency/cost improvements across its segments, and believe these actions position the company as the premier name to own for a housing recovery," he wrote. Another catalyst comes in the form of the company's mid-February announcement to acquire a Brazilian decorative paints business from BASF for $1.15 billion in cash. The deal is expected to close in the latter half of this year.
Business Insider
30-04-2025
- Business
- Business Insider
Sherwin-Williams upgraded to Overweight from Equal Weight at Wells Fargo
Wells Fargo analyst Michael Sison upgraded Sherwin-Williams (SHW) to Overweight from Equal Weight with a price target of $420, up from $350. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
