Barclays analyst Michael Leithead raised the firm’s price target on Sherwin-Williams to $315 from $285 and keeps an Equal Weight rating on the shares. Similar to 2023, the analyst thinks there’s sufficient embedded conservatism and self-help levers for Sherwin-Williams to pull to hit 2024 guidance. That said, shares have run and the valuation “feels full,” the analyst tells investors in a research note.
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