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Wire

Update: Sherwin-Williams Shares Rise After Ending Efforts to Acquire AkzoNobel

(Updates with the latest stock movement in the last paragraph and headline.)Sherwin-Williams (SHW) and Nippon Paint Group abandoned their joint attempt to buy AkzoNobel, the companies said Wednesday.The choice follows AkzoNobel's prior dismissal of two combined all-cash buyout proposals submitted by the businesses, according to the companies.Shares of Sherwin-Williams were up about 1.4% in Wednesday trading.Price: $296.74, Change: $+3.74, Percent Change: +1.28%

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Wire

BMO Capital Adjusts PT on Sherwin-Williams to $355 From $420, Maintains Outperform Rating

Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $382.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $297.90, Change: $+4.89, Percent Change: +1.67%

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International

US Equity Futures Mixed Pre-Bell as US, Iran Continue Military Strikes in Middle East

US equity futures were mixed pre-bell Wednesday as the US and Iran exchanged military strikes in the Middle East and progress on peace talks remained uncertain.Dow Jones Industrial Average futures were 0.4% lower, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.1% higher.The US Central Command reported Tuesday the defeat of several Iranian ballistic missiles and drones launched at Kuwait and Bahrain. The military command said it also conducted "self-defense strikes" on Iranian forces on Qeshm Island in the Strait of Hormuz.President Donald Trump said Iran has agreed to not have nuclear weapons, according to a CNBC report citing the New York Post's "Pod Force One" podcast. "I mean, now they can change their mind, but that was one of the things they've had to agree, they've agreed to that. That was the big thing," he said.Traders digested the latest round of earnings, with Palo Alto Networks (PANW) posting higher fiscal Q3 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.5% at $98.38 per barrel and US West Texas Intermediate crude 2.8% higher at $96.39 per barrel.ADP's national employment report showed that private sector employment increased by 122,000 in May, compared with expectations for a 120,000 gain in a survey compiled by Bloomberg.The S&P Global composite purchasing managers' index final report for May, due at 9:45 am ET, is seen to be unchanged at 51.7. April factory orders, due at 10 am ET, are expected to have gained 4.6%, compared with 1.5% previously.Federal Reserve Governor Michael Barr and Dallas Fed President Lorie Logan are slated to speak on Wednesday.In other world markets, Japan's Nikkei closed 2.5% higher, Hong Kong's Hang Seng ended 1.6% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 1% lower in Europe's early afternoon session.In equities, Palo Alto Networks stock was down 3.8% after reporting its fiscal Q3 financial results. Palantir Technologies (PLTR) shares fell 1% after a UK parliamentary committee said that the company's expanding role across the UK public sector represents an "unacceptable point of weakness." Novartis (NVS) stock was down 1% after Celcuity (CELC) reported that detailed results from a phase 3 trial showed its investigational breast cancer treatment gedatolisib outperformed Novartis' alpelisib plus fulvestrant in patients with hormone receptor-positive, HER2-negative, PIK3CA-mutated advanced breast cancer.On the winning side, Sherwin-Williams (SHW) shares were up 3.6% after the company and Nippon Paint Group said they had abandoned their joint attempt to buy AkzoNobel. BP (BP) stock was up 1.3% after the Financial Times reported that the company held advanced talks to sell its UK North Sea oil and gas assets to Ithaca Energy in a deal potentially worth close to 2 billion British pounds ($2.7 billion).

Dow JonesNasdaq CompositeS&P 500$BP$CELC$NVS$PANW$PLTR$SHW
Wire

Sherwin-Williams' Growth Timeline Delayed by 'Unsupportive' Housing Market, UBS Says

Sherwin-Williams (SHW) remains well-positioned to benefit from a recovery in the US housing market, but "unsupportive" market conditions are delaying that timeline, UBS said in a note emailed Tuesday.The analysts said they now forecast the company's earnings to grow at roughly a 5% compound annual rate over the next two years and do not expect above-average growth until 2028 or later.Sherwin-Williams' "stock deserves a premium [versus] coatings peers due to pricing power, but mix shift and higher leverage from potential [mergers and acquisitions] could become an overhang and risks a derating near-term," the analysts added.The analysts said their adjusted earnings per share estimates are 5% below consensus for 2027 and roughly in line for 2028. Given the muted growth outlook and lack of a clear catalyst, they believe the stock is unlikely to see a meaningful re-rating in the medium term and now view the risk-reward profile as more balanced.UBS downgraded Sherwin-Williams from buy to neutral and lowered its price target to $330 from $385.Price: $293.73, Change: $-1.13, Percent Change: -0.38%

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Research

UBS Downgrades Sherwin-Williams to Neutral From Buy, Adjusts Price Target to $330 From $385

Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $382.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire

Sherwin-Williams, Nippon Paint Bid for AkzoNobel Rejected as Company Backs Axalta Deal

Sherwin-Williams (SHW) and Nippon Paint's bid to acquire AkzoNobel for 73 euros ($84.99) per share in cash was rejected, with the Dutch coatings maker reaffirming its support for the planned merger with Axalta Coating Systems (AXTA), the company said Wednesday.The proposal called for Nippon Paint to retain AkzoNobel's Decorative Paints and Industrial Coatings units, while Sherwin-Williams would acquire its other coatings businesses, AkzoNobel said.AkzoNobel's boards said the offer undervalued the company and raised concerns over deal certainty, regulatory approvals and stakeholder protections.The company added that it continues to unanimously support its merger with Axalta ahead of the expected release of a U.S. Securities and Exchange Commission Form F-4 tied to the deal.Shares of Axalta Coating Systems were up more than 7% in Wednesday premarket activity.Price: $32.30, Change: $+2.30, Percent Change: +7.67%

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Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of The Sherwin-williams Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price by $30 to $358, valuing SHW shares at 31x our 2026 EPS estimate of $11.70 (lowered today by $0.28) and at 27x our 2027 EPS estimate of $13.30 (cut by $0.30), versus the shares' three-year average forward multiple of 28x and a peer average of 17x. SHW posted Q1 adjusted EPS of $2.35 versus $2.25 in the prior year, beating our $2.17 estimate and the $2.27 consensus view. Net sales advanced 6.8% Y/Y to $5.67B, exceeding our 4.0% growth forecast, led by the Suvinil acquisition, favorable FX, and modest volume gains. The company demonstrated solid operational execution, with Paint Stores same-store sales improving to 2.4% from 1.2% in the prior year and Consumer Brands posting 19.2% growth, though North American DIY demand remained soft. We see 4.7% revenue growth for 2026 and a 3.8% rise in 2027. Management maintained FY 26 guidance of low- to mid-single-digit sales growth with adjusted EPS projected at $11.50-$11.90, representing ~2.4% growth at the midpoint.

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Wire

UBS Adjusts Sherwin-Williams Price Target to $385 From $380, Maintains Buy Rating

Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $383.45, according to analysts polled by FactSet.Price: $323.42, Change: $+5.57, Percent Change: +1.75%

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Wire

Evercore ISI Adjusts Price Target on Sherwin-Williams to $390 From $400, Maintains Outperform Rating

Sherwin-Williams Company (SHW) has an average rating of overweight and mean price target of $383.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $316.54, Change: $-7.73, Percent Change: -2.38%

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Wire

Wells Fargo Adjusts Sherwin-Williams Price Target to $350 From $365, Maintains Equal Weight Rating

Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $383.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $317.80, Change: $-6.47, Percent Change: -2.00%

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Wire

JPMorgan Adjusts Sherwin-Williams Price Target to $365 From $385, Maintains Overweight Rating

Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $383.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $318.60, Change: $-5.67, Percent Change: -1.75%

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Research

Research Alert: Sherwin-willams Q1 Eps Tops Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SHW posted Q1 adjusted EPS of $2.35 versus $2.25 prior year, beating our $2.17 estimate and $2.27 consensus view. Net sales advanced 6.8% Y/Y to $5.67B, exceeding our 4.0% growth forecast, led by the Suvinil acquisition, favorable FX, and modest volume gains. The company demonstrated solid operational execution, with Paint Stores same-store sales improving to 2.4% from 1.2% in the prior year and Consumer Brands posting 19.2% growth, though North American DIY demand remained soft. Management maintained FY2026 guidance of low- to mid-single-digit sales growth with adjusted EPS projected at $11.50-$11.90, representing ~2.4% growth at the midpoint. Gross margin expanded 90bps to 49.1% on moderating raw material costs and improved pricing, though SG&A rose 9.8% as Suvinil integration costs pressured margins. The company also continued its shareholder return program in Q1, deploying $772.7M through dividends and share repurchases, despite acknowledging persistent macroeconomic uncertainty.

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US Markets

Stocks Mostly Down Pre-Bell as Traders Monitor Developments on US-Iran Negotiations; Fed Policy Meeting on Deck

US equity futures were mostly pointing lower on Tuesday as traders monitor developments on negotiations between the US and Iran and await the Federal Reserve's latest decision on interest rates, along with a fresh round of corporate earnings.The S&P 500 decreased 0.2% and the Nasdaq declined 0.6%, while the Dow Jones Industrial Average inclined 0.3% in premarket activity. The Nasdaq and S&P 500 finished Monday trading with new closing highs for a second consecutive session, while the Dow ended in the red.White House Press Secretary Karoline Leavitt reportedly said Monday that President Donald Trump reviewed a new proposal from Iran to reopen the crucial Strait of Hormuz with national security officials, according to Bloomberg News. Trump has made his "red lines" extremely clear with respect to Iran and will address the matter "very soon," Leavitt said.Tehran recently submitted a proposal to reopen the Strait of Hormuz and delay talks on uranium enrichment, Axios reported, citing a US official and two other sources.West Texas Intermediate crude oil rose 3.5% to $99.73 a barrel before the opening bell, while Brent gained 2.8% to $111.28.The Fed's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due tomorrow. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a third consecutive meeting, according to the CME FedWatch tool.With the Federal Open Market Committee's decision unlikely to surprise, the market is expected to focus on the policy statement and post-meeting remarks of Chair Jerome Powell, said David Doyle, head of economics at Macquarie Group."Given that elevated oil prices have persisted for nearly two months now, future guidance may shift somewhat," he said in a Monday report e-mailed to. "This would be in contrast to March where there were limited changes made. Our view remains that the next policy move is likely to be a hike with the most likely timing in (the first half of 2027)."Treasury yields were trending upwards in premarket action, with the two-year rate advancing 1.9 basis points to 3.82% and the 10-year rate adding 1.8 basis points to 4.35%.Coca-Cola (KO), S&P Global (SPGI), Spotify Technology (SPOT), United Parcel Service (UPS), Sherwin-Williams (SHW), Hilton Worldwide (HLT) and General Motors (GM) are scheduled to release their latest financial results before the bell, among others. Visa (V), T-Mobile US (TMUS) and Starbucks (SBUX) post earnings after the markets close.Shares of Snap (SNAP) nudged down 0.2% pre-bell after the social media company finished the previous session with a 7.3% jump. Cadence Design Systems (CDNS) moved 0.4% lower as the computational software company announced its latest quarterly results. Oracle (ORCL) fell 5.5%.Tuesday's economic calendar has the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for February, at 9 am ET. The consumer confidence report for April is out at 10 am, along with the Richmond Fed manufacturing index for the same month.Gold dropped 1.4% to $4,626 per troy ounce, while bitcoin ticked down 0.2% to $76,604.

Dow JonesNasdaq CompositeS&P 500$CDNS$GM$HLT$KO$ORCL$SBUX$SHW$SNAP$SPGI$SPOT$TMUS$UPS$V
Wire

Sherwin-Williams Keeps Quarterly Dividend at $0.80 a Share, Payable June 5 to Shareholders of Record as of May 22

Sherwin-Williams Keeps Quarterly Dividend at $0.80 a Share, Payable June 5 to Shareholders of Record as of May 22

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Wire

Loop Capital Adjusts Price Target on Sherwin-Williams to $385 From $400, Maintains Buy Rating

Sherwin-Williams (SHW) has an average rating of overweight and mean price target of $385, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $348.67, Change: $+15.33, Percent Change: +4.60%

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