Sherwin-Williams downgraded to Hold from Buy at Jefferies

Jefferies analyst Laurence Alexander downgraded Sherwin-Williams (SHW) to Hold from Buy with a price target of $380, down from $423. Leading indicators already suggested a softening outlook for housing turnover in 2025, and a “demand shock” from U.S. policy shifts appears increasingly likely to make current Street forecasts a “best case” for Sherwin-Williams, the analyst tells investors in a research note. The firm believes the upside case for the shares now looks more challenging, particularly given the stock’s “significant premium to quality peers and other coatings companies.”