CSW Industrials price target lowered to $280 from $300 at Wells Fargo

Wells Fargo lowered the firm’s price target on CSW Industrials (CSW) to $280 from $300 and keeps an Equal Weight rating on the shares. The firm says that admittedly, Q3 was a miss and “a little messy,” with noise from residential HVAC/R & M&A contributing factors. Line of site to additional MARS synergies screens positive, although category recovery timing and valuation keep Wells sidelined.