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Fly News Breaks for August 11, 2015
SHW, VAL
Aug 11, 2015 | 06:40 EDT
JPMorgan analyst Jeffrey Zekauskas downgraded Valspar (VAL) to Neutral saying he sees risk to consensus estimates after Sherwin-Williams (SHW) indicated above-average rainfall is pressuring the North American paint market. The analyst believes Valspar's profit outlook will be weaker following its Q3 report. He cut his price target for the stock to $88 from $92.
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