Sherwin-Williams price target raised to $300 from $275 at Baird

Baird analyst Ghansham Panjabi raised the firm’s price target on Sherwin-Williams to $300 from $275 and keeps an Outperform rating on the shares. The firm said while the recent path towards volume/margin normalization has been tortuous, driven in part by enormous macroeconomic and supply chain complexity, 2Q results and a conservative outlook,are indicative of the company’s ability to effectively raise prices and position the company for a multi-quarter margin expansion phase.