BMO Reaffirms 'Outperform' Rating on Sherwin-Williams Amid Strong Pricing Power
BMO Capital Markets has reaffirmed its 'Outperform' rating on Sherwin-Williams () shares, setting a price target of $405.00.
The firm attended Sherwin-Williams' investor day and visited its new headquarters and research facilities in Cleveland, Ohio.
Sherwin-Williams expects to outperform its end markets by 1.5 to 2.0 times across its business portfolio.
BMO Capital noted that the company's strong pricing power is reflected in its gross profit margin of nearly 49% and revenue growth of 5.8% over the last twelve months.