# Sherwin-Williams is poised to give up ground as the Iran war pushes up raw material costs.

*business · news · 2026-04-10 · CNBC*

## Key points

- Wells Fargo downgraded Sherwin-Williams to equal-weight due to rising raw material costs.
- The Iran war is causing broad-based inflation in commodity chains, impacting coatings raw materials.
- Wells Fargo lowered Sherwin-Williams' price target to $365, citing margin and revenue pressures.
- Macroeconomic headwinds from the Iran conflict could persist for three to four months or longer.
- Wells Fargo's downgrade contrasts with the majority of analysts who still rate Sherwin-Williams a buy.

**Companies:** Sherwin-Williams, Axalta Coating Systems
**Countries:** Iran, United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/10/wells-fargo-downgrades-sherwin-williams-because-of-rising-raw-materials-costs-due-to-iran-conflict.html)

---

Canonical: https://newsio.io/n/d217306e-15b8-43af-8591-1475bf80d4d2/sherwin-williams-is-poised-to-give-up-ground-as-the-iran-war-pushes-up-raw-mater
Summarized by Newsio from CNBC. https://newsio.io/how-it-works