Why did Wells Fargo downgrade Sherwin-Williams (SHW) from Overweight to Equal Weight?

Wells Fargo downgraded Sherwin-Williams (SHW) from Overweight to Equal Weight due to expected volume pressure, rising raw material costs driven by global inflation, and a challenging macroeconomic environment that is negatively impacting sales growth and housing affordability.

What is Wells Fargo's new price target for Sherwin-Williams (SHW), and how does it compare to the previous one?

Wells Fargo reduced its price target for Sherwin-Williams (SHW) from $410 to $365, reflecting a $45 downward adjustment in anticipation of near-term headwinds including volume softness, inflationary cost pressures, and broader economic constraints affecting demand.

Wells Fargo Adjusts Sherwin-Williams (SHW) Outlook to Equal Weight

Apr 21, 2026

Wells Fargo downgraded Sherwin-Williams to Equal Weight, reducing its price target to $365 due to rising raw material costs and volume pressure. Analysts cite inflation and housing affordability challenges impacting sales growth.

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Wells Fargo Adjusts Sherwin-Williams (SHW) Outlook to Equal Weight

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