Sherwin-Williams (SHW) PT Lowered to $390 at DA Davidson

DA Davidson analyst Garik Shmois lowered the price target on Sherwin-Williams (NYSE: SHW) to $390.00 (from $400.00) while maintaining a Buy rating.

The analyst commented, "SHW reported adjusted EPS of $3.63 versus our $3.65 and consensus of $3.69. Sales grew 7.9% to $6.86B, ahead of expectations, as all three segments grew at or above guidance. Gross margin fell 140 bps to 47.8% on price/cost timing, Suvinil dilution and unfavorable segment mix. Shares traded slightly lower on the day as the margin shortfall, led by Consumer Brands, and a narrowed FY26 guide that implies lower 4Q estimates vs. before outweighed the stronger top line. We reiterate our BUY rating and lower our PT to $390 (from $400) as SHW is set up well to expand margins whenever costs subside."

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