Wolfe Research initiated coverage of Sherwin-Williams with a Peer Perform rating. The firm sees pressure on Repair and Remodel stocks until rate cuts, though there’s “no harm” in monitoring macro trends. Absent a catalyst for shares, Wolfe said it is content to monitor the Fed and early 2024 housing data points for more clarity.
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- Sherwin-Williams upgraded to Buy from Neutral at Northcoast
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