Stronger demand for materials and a better-than-expected housing market could lift Sherwin-Williams , according to BMO Capital Markets. The firm upgraded the paint maker to outperform from market perform on Monday, with a $275 per share price target. Sherwin-Williams stock has gained more than 4% year to date. SHW YTD mountain Sherwin-Williams stock has ticked up roughly 4% from the start of the year. BMO analyst John McNulty said that a slightly warmer housing market underpins the firm's upgrade to earnings per share in 2024 and 2025.

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Persons: Sherwin, Williams, John McNulty, McNulty, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO