Jefferies Reiterates Buy Rating on Sherwin-Williams By Reuters

Jefferies analysts reiterated a Buy rating and $370.00 price target on Sherwin-Williams (NYSE:).

The analysts comment “Our models suggest the outlook for US paint & coatings volumes appear mixed, at best, with negative comparisons likely in 2H24. The deceleration in housing units under construction, while not explicitly an input in these models, increases our caution. Likely share gains and price increases support our 2024 forecast.”