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.
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Read More on SHW:
- Sherwin-Williams: Resilience and Growth Potential Amidst Challenges
- Sherwin-Williams Approves New Compensation Plan and Amendments
- Sherwin-Williams price target lowered to $410 from $415 at RBC Capital
- Sherwin-Williams price target lowered to $395 from $408 at Mizuho
- Sherwin-Williams price target lowered to $350 from $380 at Wells Fargo
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