RBC Capital raises Sherwin-Williams stock price target on pricing power

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RBC Capital has increased its price target for Sherwin-Williams (NYSE:SHW) to $391 from $376, reiterating an Outperform rating due to the company’s market share gains, strong pricing, and capital allocation strategy. Despite potential raw material inflation in Q2, the firm expects Sherwin-Williams to announce a price increase. The upward revision in the price target is based on 34 times fiscal 2026 estimated earnings, reflecting expectations of continued price capture.

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