Citi upgrades Sherwin-Williams to Buy on better setup into 2026

Citi upgraded Sherwin-Williams (SHW) to Buy from Neutral with a price target of $390, down from $392. The firm sees a favorable setup for the shares into 2026. Interest rate cuts should bring a better housing environment in 2027 and Sherwin-Williams shares typically perform well in the year following the beginning of rate cuts, the analyst tells investors in a research note.