Mizuho Keeps 'Outperform' Rating on Sherwin-Williams with $396 Price Target

Mizuho has maintained its 'Outperform' rating on Sherwin-Williams stock, predicting a price target of $396.00, which suggests about 19% upside from current levels.

The firm's analyst attended the company's Investor Day on September 24 and toured the new headquarters, meeting with the CEO, CFO, and operational leaders during the event.

Mizuho expects the meetings to focus on operational execution given the muted macro environment. The company's fundamentals remain solid, with a track record of raising its dividend for 33 consecutive years.