Guggenheim Upgrades Sherwin-Williams to Strong-Buy Amid Rising Price Targets
Sherwin-Williams (NYSE:SHW) has been upgraded to 'strong-buy' by stock analysts at Guggenheim, according to a research note issued on Monday. This upgrade comes after several other firms have also increased their price targets for the company's shares.
The Goldman Sachs Group set a $420.00 target on Sherwin-Williams in a report on July 29th, while Royal Bank Of Canada reiterated an 'outperform' rating and issued a $405.00 target price. Berenberg Bank also set a $380.00 target price on the company's shares.
Sherwin-Williams currently has a consensus rating of 'Moderate Buy' among analysts, with eight firms issuing a 'Buy' rating and seven holding a 'Hold' rating. The company's market cap stands at $85.86 billion, with a PE ratio of 32.60 and a price-to-earnings-growth ratio of 2.54.
The firm's quarterly earnings data was announced on July 28th, showing that Sherwin-Williams reported $3.70 EPS for the quarter, topping the consensus estimate by $0.18. The company has set its FY 2026 guidance at 11.800-12.200 EPS.