BMO Capital lowered the firm’s price target on Sherwin-Williams to $377 from $385 but keeps an Outperform rating on the shares. The company’s Q1 results disappointed, as weather and customer project delays in the seasonally light Q1 more than offset early share gains tied to competitor issues, but its expected market share gains should amplify results in 2025/26 when housing improves with eventual interest rate cuts, the analyst tells investors in a research note.
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Read More on SHW:
- Sherwin-Williams sees FY24 adjusted EPS $10.85-$11.35, consensus $11.44
- The Sherwin-Williams Company Reports 2024 First Quarter Financial Results
- Sherwin-Williams sees Q2 revenue growth flat to up in low-single digits
- Sherwin-Williams reports Q1 adjusted EPS $2.17, consensus $2.21
- Notable companies reporting before tomorrow’s open
