BMO Capital analyst John McNulty lowered the firm’s price target on Sherwin-Williams (SHW) to $391 from $405 and keeps an Outperform rating on the shares. Sherwin-Williams had a notable EPS miss and a guidance cut, but changes in the competitive landscape are providing the company not only a means to capture higher pricing, but also to take share, the analyst tells investors in a research note.
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Read More on SHW:
- Sherwin-Williams price target lowered to $380 from $395 at Loop Capital
- Sherwin-Williams price target lowered to $385 from $400 at Mizuho
- Sherwin-Williams price target lowered to $375 from $385 at Citi
- Sherwin-Williams price target lowered to $400 from $420 at Wells Fargo
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