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Fly News Breaks for July 11, 2016
SHW
Jul 11, 2016 | 07:04 EDT
Seaport Global analyst Michael Harrison downgraded Sherwin-Williams to Neutral from Accumulate ahead of the Q2 report. The analyst expects a strong quarter but said consensus estimates are high and reflect expectations of a beat and raise. Harrison also has some concerns about the Valspar deal given higher balance sheet leverage and suspension of the buyback program. The analyst maintained his $320 price target on Sherwin-Williams shares.
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