Wells Fargo analyst Michael Sison maintained a Buy rating on Sherwin-Williams Company (SHW – Research Report) yesterday and set a price target of $420.00.
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Michael Sison has given his Buy rating due to a combination of factors including Sherwin-Williams Company’s strategic focus on market share gains and technological advancements. The company has been investing heavily in technology and SG&A, which has enabled it to achieve positive organic growth despite a challenging market environment characterized by declining North American paint demand.
Sherwin-Williams is also shifting its focus towards commercial stores, which, although smaller in storefront size, have larger warehouse spaces to accommodate commercial paint projects. The company’s technological investments have improved sales reps’ capabilities, allowing them to better anticipate customer orders and align with corporate goals of driving shareholder value. Furthermore, the valuation of Sherwin-Williams is supported by a 12-month price target of $420, based on a 2026E EV/EBITDA multiple that reflects the company’s consistent market share gains and strategic growth initiatives.
In another report released on May 15, Morgan Stanley also maintained a Buy rating on the stock with a $385.00 price target.
SHW’s price has also changed slightly for the past six months – from $371.660 to $359.100, which is a -3.38% drop .