Evercore ISI lowered the firm’s price target on Sherwin-Williams (SHW) to $380 from $400 and keeps an Outperform rating on the shares. The firm still sees choppy waters for Sherwin-Williams as volume growth remains elusive, but strategic moves in the Paint Store Group could pave the way for future share gains. Despite the recent earnings miss, Sherwin-Williams is investing in a down market, which might pay off when conditions improve, Evercore adds.
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