B of A Securities Downgrades Sherwin-Williams to Underperform, Lowers Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Steve Byrne has downgraded Sherwin-Williams (NYSE:SHW) from Neutral to Underperform and lowered the price target from $300 to $275.
October 18, 2023 | 12:26 pm
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NEGATIVE IMPACT
Sherwin-Williams has been downgraded to Underperform from Neutral by B of A Securities, with a lowered price target of $275.
The downgrade from B of A Securities is likely to negatively impact Sherwin-Williams' stock in the short term. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100