Analyst John McNulty of BMO Capital maintained a Buy rating on Sherwin-Williams Company (SHW – Research Report), reducing the price target to $410.00.
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John McNulty has given his Buy rating due to a combination of factors that suggest Sherwin-Williams Company is well-positioned for future growth. One of the primary reasons is the anticipated outperformance of SHW in 2025, driven by favorable conditions such as raw material deflation. This deflation is expected to reduce costs and improve profit margins, providing a significant boost to the company’s financial performance.
Additionally, the resilience of the housing market is another key factor contributing to the positive outlook for Sherwin-Williams. As the housing market remains strong, there is potential for increased demand for the company’s products, which could lead to market share gains. These elements combined lead to a projection of earnings that exceed current consensus estimates, reinforcing the Buy recommendation.
According to TipRanks, McNulty is a 3-star analyst with an average return of 0.8% and a 49.46% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Chemours Company, LyondellBasell, and DuPont de Nemours.
In another report released on June 17, Morgan Stanley also maintained a Buy rating on the stock with a $385.00 price target.