RBC Reaffirms Outperform Rating on Sherwin-Williams with $420 Price Target

RBC Capital has reaffirmed its Outperform rating on Sherwin-Williams's stock with a price target of $420.00, implying an upside of 31.1% from the September 24 close of $320.40.

The analyst believes that Sherwin-Williams is well-positioned to achieve revenue growth at 1.5 to 2 times the general market growth rate due to its size, scale, and strong customer service.

The company has demonstrated the ability to maintain industry-leading growth and margins, with expectations for a 10%+ increase in FY27 EPS driven by market share gains and effective capital allocation.