RBC Capital Maintains Outperform on Sherwin-Williams, Lowers Price Target to $341
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Arun Viswanathan maintains an Outperform rating on Sherwin-Williams (NYSE:SHW) but reduces the price target from $346 to $341.
January 26, 2024 | 3:55 pm
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NEUTRAL IMPACT
RBC Capital analyst Arun Viswanathan maintains an Outperform rating on Sherwin-Williams but lowers the price target from $346 to $341, indicating a slight adjustment in the expected stock performance.
The reduction in price target by RBC Capital is a minor adjustment, suggesting a slight decrease in optimism about the stock's future price performance. However, maintaining the Outperform rating indicates the analyst still has a positive outlook on Sherwin-Williams. The impact on the stock price is likely to be neutral to slightly negative in the short term, as the market absorbs the slightly lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100