Sherwin-Williams consensus likely drifts lower after Q3 results, says Jefferies

Jefferies analyst Laurence Alexander believes that consensus for Sherwin-Williams (SHW) for 2026 and 2027 “likely drifts lower” after Q3 results barring rapid easing in mortgage rates, as the firm argues that demand “likely remains lackluster” and a rebound from the current extended downturn likely will require more than 75 basis points of additional rate cuts and an improvement in consumer confidence. However, share gains and investments to improve competitive advantages will likely continue, giving Sherwin-Williams “amplified leverage to the next recovery,” adds the analyst, who has a Hold rating and $370 price target on the shares.