Why did Citi analyst Patrick Cunningham lower Sherwin-Williams' price target while maintaining a Buy rating?

Citi analyst Patrick Cunningham lowered Sherwin-Williams' price target to $355.00 due to anticipated softer long-term housing conditions, but maintained a Buy rating because he expects gross margin improvement and low single-digit volume growth, projecting earnings above both company guidance for 2026 and consensus estimates for 2027 — indicating continued strong profitability despite macro headwinds.

What do Citi and Mizuho Securities' current ratings and price targets suggest about market sentiment toward Sherwin-Williams?

Both Citi and Mizuho Securities maintain a Buy rating on Sherwin-Williams, with Citi setting a revised price target of $355.00 and Mizuho holding a higher price target of $396.00, signaling sustained institutional confidence in the company’s fundamentals and upside potential despite near-term housing-related pressures.

Analyst Maintains Buy on Sherwin-Williams, Trims Price Target to $355 While Highlighting Attractive Upside Potential

Jun 3, 2026

Citi analyst Patrick Cunningham reiterated a Buy rating for Sherwin-Williams, cutting the price target to $355 due to softer housing conditions while forecasting margin growth. Mizuho Securities also maintained a Buy rating with a $396 target.

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Analyst Maintains Buy on Sherwin-Williams, Trims Price Target to $355 While Highlighting Attractive Upside Potential

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