BUZZ-BMO Capital Markets raises PT on Sherwin-Williams

Reuters09-04

** Brokerage BMO Capital Markets raises paints and coatings maker Sherwin-Williams' price target to $400 from $386

** New PT implies a ~10% premium to stock's last close

** Company "to benefit significantly from a housing market that should rebound significantly after several tough years" - BMO

** Sees EPS percentage growth in mid-teens over the next few years, driven by market share gains, control over pricing, and expected recovery in the next 12 months in housing markets

** Brokerage maintains "outperform" rating

** 16 of 29 brokerages rate "buy" or higher, 12 "hold" and 1 "sell"; median PT $380 - LSEG

** As of last close, company's stock up ~17% YTD versus ~11% increase in the Dow Jones U.S. Industrials index

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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