The Sherwin-Williams Company (NYSE:SHW) is one of the 10 stocks that Jim Cramer and analysts are watching. On June 13, Citi analyst Patrick Cunningham downgraded the company stock to Neutral from Buy and lowered the price target to $385 from $405 due to weak housing conditions due to high mortgage rates, and delayed Fed rate cuts.
The firm is pessimistic about U.S. housing and does not see any strong signs of a rebound in the second half of the year. However, the firm showed optimism around the company’s long-term growth story, but does not believe that the risk/reward is currently attractive and suggested waiting for a better time to buy Sherwin-Williams (NYSE:SHW).
A close-up of a vibrant paint color being sprayed onto a wooden surface.
During the episode aired on June 11, Cramer recommended another stock instead of The Sherwin-Williams Company (NYSE:SHW), as he said:
“Sherwin-Williams, okay, Dow stock now, by the way. I think Sherwin-Williams, look, I like the stock of Home Depot. Home Depot, which is, by the way, less expensive… I think some people are selling it because ICE is lining up in front of Home Depot, and I think the stock’s getting hit because of that.”
Sherwin-Williams (NYSE:SHW) develops, manufactures, and sells paints, coatings, and related products for a wide range of customers, including professionals and retailers.
While we acknowledge the potential of SHW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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