Sherwin-Williams shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $300 to $275.
Portfolio Pulse from Benzinga Newsdesk
Sherwin-Williams' stock has been downgraded from Neutral to Underperform by B of A Securities, which also lowered its price target from $300 to $275. This has resulted in Sherwin-Williams shares trading lower.
October 18, 2023 | 4:31 pm
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Sherwin-Williams' stock has been downgraded by B of A Securities, leading to a decrease in its share price.
The downgrade from B of A Securities is a negative signal to investors, which has led to a decrease in Sherwin-Williams' share price. The lowered price target also indicates a less optimistic outlook for the company's stock, further driving down its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100