Morgan Stanley lowered the firm’s price target on Sherwin-Williams (SHW) to $405 from $450 and keeps an Overweight rating on the shares. The firm reduced its 2025 EPS view to $12.75 from $13.50 and 2026 EPS forecast to $14.40 from $15.00, citing still high mortgage rates despite rate cuts, difficult year-to-date weather, and foreign exchnage headwinds. The firm’s view on the market share gain opportunity and the company’s leverage to an eventual housing recovery remains unchanged, but the timing is “clearly pushed out,” the analyst tells investors.
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