BMO Sticks With 'Outperform' Rating on Sherwin-Williams Amid Strong Pricing Power

BMO Capital maintained its 'Outperform' rating on Sherwin-Williams (SHW) shares, with a price target of $405.00.

The firm attended the company's investor day and toured 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, driven by continued realization of a September price increase and ongoing margin improvement.

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.