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Fly News Breaks for June 23, 2017
SHW
Jun 23, 2017 | 08:41 EDT
Citi analyst P.J. Juvekar resumed coverage of Sherwin-Williams following its acquisition of Valspar with a Buy rating and $410 price target, noting that it now has a far more diversified portfolio of paints and industrial coatings and a better global footprint. He also contends that the company's target for $320M in cost savings by 2019 is conservative.