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Sherwin-Williams price target lowered to $400 from $420 at Wells Fargo

Wells Fargo lowered the firm’s price target on Sherwin-Williams (SHW) to $400 from $420 and keeps an Overweight rating on the shares. The firm believes the company can generate the strongest growth in a housing recovery, given their dominant leadership position. Wells lowers its outlook to reflect weaker paint demand.

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