Stocks
KeyBanc Initiates Sherwin-Williams Coverage with $365 Price Target
KeyBanc has initiated coverage on Sherwin-Williams Co. () with a Sector Weight rating and a price target of $365.00.
The research firm set a fair value of $365 for the shares, stating it is content with the stock's elevated multiples, which it believes are deserved considering the company's strong U.S. architectural franchise through the Paint Stores Group and the currently depressed housing environment.
Sherwin-Williams currently trades at a P/E ratio of 29.2, and InvestingPro data indicates the shares are overvalued relative to its Fair Value estimate, placing it among stocks on the Most Overvalued list.