2023-06-26 08:38:39 ET
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Sherwin-Williams ( NYSE: SHW ) on Monday was upgraded to Outperform from a previous investment rating of Market Perform by analysts at BMO Capital. They said the maker of paints and coatings faces a better outlook for demand.
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BMO sees upside “with raw materials fading in the near-term and the housing markets showing signs that it may not be as bad as previously feared,” according to the report. BMO raised its price target to $275 a share from $269 a share previously.
For further details see:
Sherwin-Williams upgraded to Outperform at BMO Capital