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Fly News Breaks for September 4, 2019
SHW
Sep 4, 2019 | 09:36 EDT
BMO Capital analyst John McNulty raised his price target on Sherwin-Williams to $550 after meeting with its CEO, saying the discussions affirmed his view of the stock as a "port in the storm" for investors during challenging macro periods. The analyst also sees the company generating solid long term growth but keeps his Market Perform rating, noting that the stock is already trading at a "lofty" multiple relative to his expected 2019 EBITDA amid continued concerns regarding the U.S. housing market.
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