12:20 PM EST, 03/08/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month price target by $57 to $391 on a forward P/E of 29.5x our 2025 EPS estimate, above the three-year average of 25.1x on promising sales and margin expansion. We lift our 2024 EPS estimate by $0.17 to $11.39 and 2025's by $0.64 to $13.25. We believe 2025 will be an even stronger year for sales and margin growth than previously expected, due to favorable long-term trends with residential, repair & remodeling, and DIY markets (aging U.S. housing stock and housing inventory remaining historically low relative to demand levels), as well as a 5% price increase effective this year (February 1) and expected new business wins. We also like SHW's strong market position and ability to generate robust cash flow, with net operating cash increasing 83% to $3.5 billion in 2023 from 2022 levels.