Citi lowered the firm’s price target on Sherwin-Williams to $370 from $390 and keeps a Buy rating on the shares following the Q1 report. March was the strongest month for paint stores and momentum is expected to continue into April, the analyst tells investors in a research note. The firm believes strength of its paint stores group is likely to drive outperformance of the shares.
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Read More on SHW:
- Sherwin-Williams price target raised to $310 from $300 at Baird
- Sherwin-Williams price target lowered to $334 from $340 at Mizuho
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