Wolfe Research initiated coverage of Sherwin-Williams with a Peer Perform rating. The firm sees pressure on Repair and Remodel stocks until rate cuts, though there’s “no harm” in monitoring macro trends. Absent a catalyst for shares, Wolfe said it is content to monitor the Fed and early 2024 housing data points for more clarity.
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Read More on SHW:
- Sherwin-Williams upgraded to Buy from Neutral at Northcoast
- Sherwin-Williams raises dividend 18.2% to 71.5c per share
- Sherwin-Williams Declares Dividend of $0.715 per Common Share
- Floor & Decor added to ‘Tactical Underperform’ list at Evercore ISI
- Sherwin-Williams price target raised to $315 from $285 at Barclays
