UBS Maintains Neutral on Sherwin-Williams, Raises Price Target to $312
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has maintained a Neutral rating on Sherwin-Williams (NYSE:SHW) and increased the price target from $274 to $312.
January 11, 2024 | 3:49 pm
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UBS has maintained a Neutral rating on Sherwin-Williams but raised the price target to $312, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests an improved valuation of Sherwin-Williams, which could lead to a positive investor sentiment and a potential short-term increase in the stock price. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the revised target, tempering the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100