Sherwin-Williams price target raised to $263 from $255 at Mizuho

Mizuho analyst Christopher Parkinson raised the firm’s price target on Sherwin-Williams to $263 from $255 and keeps a Buy rating on the shares. Heading into the Q1 reports from the coatings companies, the analyst is "broadly optimistic" on end-market trends but says apprehension regarding the second half of 2023 global macro risks "will mute otherwise positive reactions." The firm increased estimates to reflect "better than feared" first half of the year trends.