Loop Capital Maintains Buy Rating for Sherwin-Williams: Here's What You Need To Know

Loop Capital has decided to maintain its Buy rating of Sherwin-Williams SHW and raise its price target from $260.00 to $285.00.

Shares of Sherwin-Williams are trading down 0.9% over the last 24 hours, at $232.67 per share.

A move to $285.00 would account for a 22.49% increase from the current share price.

About Sherwin-Williams

Sherwin-Williams is the largest provider of architectural paint in the United States. The company has approximately 4,900 stores and sells premium paint at higher price points than most competitors. Sherwin-Williams also sells paint-related products in big-box stores and provides coatings for original equipment manufacturers.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.