Morgan Stanley Reiterates Overweight Rating on Sherwin-Williams (SHW)

Morgan Stanley analyst Vicent Andrews reiterated an Overweight rating and $385.00 price target on Sherwin-Williams (NYSE: SHW)

The analyst commented, "December P&WP sales +7.7% Y/Y vs. +1.4% comp and +2.8% adjusted for an extra workday. January HIRS +4.3% Y/Y vs. -0.4% comp and +9.2% adjusted for one less workday... We remain Overweight Sherwin-Williams. Our overall positive view on Sherwin and its opportunity set remain unchanged (i.e., solid earnings power at the bottom of the housing cycle despite significant reinvestment, best-in-class pricing power through the raw material and economic cycle, and an accelerating market share growth opportunity — our "Density" & "The Multiple" theses — see the links below for more). Likewise, the 2026 guide reflects EPS power assuming no improvement in the current operating environment, and likely embeds conservatism on price, market share, FX, raw materials (pre any Iran conflict considerations which now have this line item in flux), and Suvinil synergies."

For an analyst ratings summary and ratings history on Sherwin-Williams click here. For more ratings news on Sherwin-Williams click here.

Shares of Sherwin-Williams closed at $335.45 yesterday.

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