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

ReutersJan 23, 2026 2:02 PM

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

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