Vincent Andrews, an analyst from Morgan Stanley, maintained the Buy rating on Sherwin-Williams Company (SHW – Research Report). The associated price target remains the same with $405.00.
Vincent Andrews has given his Buy rating due to a combination of factors including Sherwin-Williams Company’s recent sales performance and strategic positioning. The company showed a strong start to the year with Paint & Wallpaper sales increasing by 4.7% year-over-year in January, despite challenging weather conditions. This performance aligns with Sherwin-Williams’ guidance for sales growth, indicating resilience in their business model.
Furthermore, Andrews believes that the company’s 2025 guidance is conservatively set, suggesting potential for upside performance. He also anticipates that once interest rates decrease, Sherwin-Williams will benefit from increased volume, enhancing their earnings per share potential. Additionally, the completion of the SG&A reinvestment cycle is expected to yield positive returns, positioning Sherwin-Williams advantageously within the industry.
According to TipRanks, Andrews is a 4-star analyst with an average return of 5.1% and a 60.89% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, TRONOX, and Dow Inc.