Sherwin-Williams shares are trading lower after Baird downgraded the stock from Outperform to Neutral but raised its price target from $270 to $300.
Portfolio Pulse from Benzinga Newsdesk
Sherwin-Williams shares are trading lower following a downgrade by Baird from Outperform to Neutral, despite an increase in the price target from $270 to $300.
January 03, 2024 | 8:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sherwin-Williams stock is trading lower after an analyst downgrade from Baird, despite a raised price target.
The downgrade by Baird from Outperform to Neutral suggests a less optimistic outlook on Sherwin-Williams' stock performance, which typically leads to a negative short-term impact on the stock price. However, the increase in the price target from $270 to $300 indicates a belief in the company's value, which may mitigate the negative impact to some extent.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90