Morgan Stanley analyst Vincent Andrews has maintained their bullish stance on SHW stock, giving a Buy rating on February 11.
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Vincent Andrews has given his Buy rating due to a combination of factors that highlight Sherwin-Williams Company’s strong performance and future potential. The company exhibited notable sales growth in the paint and wallpaper sector, with a consistent year-over-year increase, demonstrating resilience despite market challenges. Sherwin-Williams has also been outperforming industry averages, which is attributed to their effective market share gain strategies.
Furthermore, Andrews believes that the company’s conservative guidance for 2025 presents a manageable downside risk, with a likelihood of surpassing expectations as seen in previous years. Despite the persistent risk from high interest rates, there is anticipation of significant growth once rates decline, potentially boosting earnings per share. Additionally, the conclusion of the SG&A reinvestment cycle is expected to yield competitive advantages, positioning Sherwin-Williams favorably in a recovering housing market.
In another report released on February 11, UBS also maintained a Buy rating on the stock with a $430.00 price target.
SHW’s price has also changed slightly for the past six months – from $352.150 to $356.860, which is a 1.34% increase.