Sherwin-Williams price target raised to $325 from $295 at Loop Capital

Loop Capital analyst Garik Shmois raised the firm’s price target on Sherwin-Williams to $325 from $295 and keeps a Buy rating on the shares after its Q2 earnings beat. Sales and margins across all segments positively surprised as carryover price increases, share gains, a less bad macro, and lower costs all drove the outperformance, the analyst tells investors in a research note. The firm is also “encouraged” that gross margins are now in the traditional 45%-48% range and reflect a return to a more normal performance environment, Loop added.