Evercore ISI raised the firm’s price target on Sherwin-Williams to $360 from $355 and keeps an Outperform rating on the shares, telling investors that Sherwin provided “a conservative yet view realistic 2024 outlook.” Despite the guidance mid-point falling below the street’s $11.35 forecast for calendar 2024, the firm believes “consensus numbers have more upside than down” and its own 2024 estimate is raised to $11.40 on mix improvement, while its 2025 estimate of $12.75 “suggests $13 is in play.”
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