RBC Capital Price Target Lowered Following Q4 Pre-Announcement
<p>Analysts at RBC Capital lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/SHW'>The Sherwin-Williams Company (NYSE:SHW)</a> to $332 from $360 on the company’s Q4 pre-announcement, persistent cost inflation and labor shortages. </p>
<p>According to the pre-announcement, Q4 net sales grew around 6.1% year-over-year and adjusted EPS is expected to be around $1.45 per share. The brokerage mentioned that its estimates reflect continued inflationary pressures across the company’s supply chain, labor and raw material availability headwinds, offset by continued strong demand throughout 2022 and pricing actions.</p>
<p>The analysts added that they still believe the company represents a margin expansion opportunity in the second half of 2022 and in 2023, when cost pressures begin to moderate and pricing action remains in place.</p>

NYSE:SHW