Deutsche Bank downgrades Sherwin-Williams to Hold on valuation

Core Viewpoint - Deutsche Bank analyst David Begleiter downgraded Sherwin-Williams (SHW) to Hold from Buy, with a price target reduced to $380 from $390, indicating a fair valuation slightly above historical averages [1] Financial Performance - Sherwin-Williams is expected to experience its third consecutive year of earnings growth below 10% in 2026, which raises concerns about its growth trajectory [1] - The analyst suggests that until Sherwin-Williams can demonstrate a return to earnings growth above 10%, the valuation multiple is likely to trend downward [1]