Sherwin-Williams Stock Maintains 'Outperform' Rating Amid Strong Earnings

Sherwin-Williams' (NYSE:SHW) stock rating remains unchanged at 'outperform' according to Royal Bank Of Canada, as reported by MarketBeat. The investment analysts reaffirmed their price target of $420 on Tuesday.

This price target indicates a potential upside of 29.25% from the current market value. Sherwin-Williams has been a topic of interest among various analysts and firms in recent weeks, with Guggenheim recently taking coverage and issuing a 'buy' rating. Other notable price targets include $400 from Guggenheim and $405 from BMO Capital Markets.

Sherwin-Williams' stock performance has been impressive, with the company's 52-week high reaching $377.77. The firm's market cap stands at approximately $78.88 billion, and its P/E ratio is 30.09. Sherwin-Williams reported earnings of $3.70 per share in Q2, surpassing analysts' estimates by $0.18.