Sherwin-Williams price target lowered to $385 from $405 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Sherwin-Williams (SHW) to $385 from $405 and keeps an Overweight rating on the shares. The firm reduced its EPS forecasts as it incorporates some tariff risk and moves estimates into guidance range, the analyst tells investors. However, despite a still challenging housing macro data backdrop and tariff concerns, results from a survey conducted March 26-31 remained “quite positive,” the analyst tells investors.