CSW Industrials initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst Sam Reid initiated coverage of CSW Industrials (CSWI) with an Equal Weight rating and $425 price target The firm views CSW Industrials as a high quality, diversified manufacturer with attractive end markets plus a track of tuck-in M&A. But at 45-times price to earnings, Wells believes the market is “giving credit where it’s due.” The firm forecasts $927M in FY26 top-line across three segments: Contractor Solutions, Specialized Reliability Solutions and Engineered Building Solutions.