RBC Capital analyst Arun Viswanathan raised the firm’s price target on Sherwin-Williams to $315 from $272 and keeps an Outperform rating on the shares after its Q2 earnings beat. While new housing markets have slowed, Sherwin-Williams is outperforming in commercial, R&R, and elsewhere, the analyst tells investors in a research note. The company’s investments are also likely to continue to drive above-market growth, the firm added.
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Read More on SHW:
- Sherwin-Williams price target raised to $300 from $275 at Baird
- Sherwin-Williams price target raised to $305 from $290 at Mizuho
- Sherwin-Williams price target raised to $300 from $250 at Wells Fargo
- Sherwin-Williams price target raised to $285 from $240 at Barclays
- Sherwin-Williams sees Q3 revenue up or down low-single digit %
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