Evercore came away from meetings confident in Sherwin-Williams strategy

Evercore ISI attended a sell side dinner with Sherwin-Williams (SHW) management and came away “feeling confident about Sherwin’s strategy to gain share in a choppy market,” the analyst tells investors. While Sherwin is focusing on simplification and digitization, management “remains laser focused” on share gains while volumes are down to benefit from increasing volumes when the cycle turns, adds the analyst, who has an Outperform rating and $380 price target on the shares.