Mizuho Maintains Buy on Sherwin-Williams, Lowers Price Target to $340
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Christopher Parkinson has maintained a Buy rating on Sherwin-Williams (NYSE:SHW) but reduced the price target from $352 to $340.

January 26, 2024 | 7:44 pm
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Mizuho has maintained a Buy rating on Sherwin-Williams but lowered the price target from $352 to $340, indicating continued confidence but with a slightly reduced growth expectation.
While the reduction in price target could suggest a more conservative outlook on Sherwin-Williams' future performance, the maintenance of a Buy rating indicates that Mizuho's overall confidence in the company remains strong. This mixed signal is likely to have a neutral short-term impact on the stock as the market digests both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100