RBC Capital lowered the firm’s price target on Sherwin-Williams (SHW) to $376 from $390 and keeps an Outperform rating on the shares. The company’s markets still seem choppy and if the Iran conflict extends beyond 8 to 12 weeks, there could be Q2 margin impact, the analyst tells investors in a research note. RBC adds, however, that the company’s prudent capital allocation favoring buybacks remains unchanged.
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