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Credit Suisse Raises Sherwin-Williams Price Target

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Courtesy of Benzinga.

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On Wednesday, analysts at Credit Suisse raised the price target on shares of Sherwin-Williams Co (NYSE: SHW) from $240 to $260 and maintained the Outperform rating.

John McNulty finds the company is more attractive now with the contract win with Lowe’s Companies. Sherwin-Williams will be launching the HGTV HOME brand at Lowe’s, which analysts find will broaden its market share by targeting the DIY market.

“In addition to the additional EPS benefit SHW should enjoy, we believe this arrangement is a positive longer-term for the company as it may help them more effectively target the DIY market in addition to holding on to their strong position in the growing contractor markets through their own paint stores.”

Shares of Sherwin-Williams closed Wednesday at $246.80, down 1.11 percent.

Latest Ratings for SHW

Date Firm Action From To
Dec 2014 Credit Suisse Maintains Outperform
Oct 2014 Barclays Maintains Equal-weight
Oct 2014 Citigroup Maintains Neutral

View More Analyst Ratings for SHW
View the Latest Analyst Ratings

Posted-In: Credit Suisse John McNultyAnalyst Color Price Target Analyst Ratings

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