Sherwin-Williams falls after Deutsche Bank downgrades to 'hold'

Sherwin-Williams

23/01/2026 14:02

** Shares of global paint supplier Sherwin-Williams SHW.N down 1.6% at $345.02 premarket

** Deutsche Bank Research downgrades rating to "hold" from "buy"; cuts PT to $380 from $390

** New PT still represents an 8.4% upside to stock's last close

** Brokerage expects a challenging environment for US architectural paints to continue through first half of 2026 and possibly the entire year, amid bearish fundamentals in the U.S. housing market

** Says it does not see SHW hitting strong double‑digit growth again before 2027, marking its third straight year of less than 10% EPS growth

** 16 of 28 brokerages rate stock "buy" or higher and 12 "hold"; median PT is $392.50 - data compiled by LSEG

** SHW rose ~5% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru )

((Sanskriti.Shekhar@thomsonreuters.com))