Sherwin-Williams price target raised to $405 from $391 at RBC Capital
RBC Capital raised the firm's price target on Sherwin-Williams to $405 from $391 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results in Coatings. The firm notes that its recent discussions with Investor Relations teams suggest that raw material inflation will likely be milder than feared and inline with initial company expectations of low to mid single digits due to declining oil prices vs. mid-April levels, the analyst tells investors in a research note. Demand remains choppy due to poor macro, though share gains are most likely to drive growth, the firm added.
RBC Capital raised the firm's price target on Sherwin-Williams to $405 from $391 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results in Coatings.
The firm notes that its recent discussions with Investor Relations teams suggest that raw material inflation will likely be milder than feared and inline with initial company expectations of low to mid single digits due to declining oil prices vs. mid-April levels, the analyst tells investors in a research note.
Demand remains choppy due to poor macro, though share gains are most likely to drive growth, the firm added.