The firm said it raised its rating on the paint and coatings company as it believes the decline in oil is positive occurrence for this industry.
"We believe the effects of the recent 30% decrease in the price of oil are positive for the paint and coatings industry and create investment opportunities," JPMorgan said.
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"We have built in a ~30 cents per share EPS raw material benefit for Valspar in 2015, which assumes that petrochemical raw materials decrease (6.2%) and raw materials generally by (1.6%), and cost of goods sold decreases by about (1.1%), the firm added.
Separately, TheStreet Ratings team rates VALSPAR CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate VALSPAR CORP (VAL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."