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Fly News Breaks for June 8, 2017
SHW
Jun 8, 2017 | 06:09 EDT
Goldman Sachs analyst Robert Koort reinstated Sherwin-Williams (SHW) with a Conviction Buy and a $403 price target saying the Valspar acquisition is under-appreciated and provides better asset utilization and a platform to expand into high-growth specialty coatings while gaining geographic footholds in key architectural geographies like China, Australia and Europe. The analyst sees upside to synergy targets by as much as $120M compared to the company's conservative $320M estimate.
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