Deutsche Bank downgrades Sherwin-Williams to Hold on valuation

Deutsche Bank expert David Begleiter past nighttime downgraded Sherwin-Williams (SHW) to Hold from Buy with a price target of $380, down from $390. The steadfast says the Sherwin’s valuation arsenic just astatine somewhat supra its humanities five-year averages. 2026 should people Sherwin’s 3rd consecutive twelvemonth of beneath 10% net growth, the expert tells investors successful a probe note. Deutsche believes that until Sherwin tin show a way backmost to 10%-plus net growth, the “bias is to the downside connected its valuation multiple.”

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