RBC Capital raised the firm’s price target on Sherwin-Williams to $418 from $370 and keeps an Outperform rating on the shares after its “strong” Q2 results and raised guidance. The company is benefiting from its investments and ramp-up of pricing realization despite choppy the macro and prolonged softness in DIY, the analyst tells investors in a research note. Sherwin-Williams should also offer more details on its long-term targets, enterprise initiatives, and the macro environment at its upcoming annual investor meeting on August 29th, the firm added.
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