Loop Capital lowered the firm’s price target on Sherwin-Williams (SHW) to $380 from $395 and keeps a Buy rating on the shares. Housing-related demand is weak which caused the FY25 guide down, and waiting for a market improvement has been a “chore,” but the company continues to take share, raw material costs are moderating, and a meaningful portion of costs that were pulled forward in Q2 won’t be an issue moving forward, the analyst tells investors in a research note.
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