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Fly News Breaks for July 25, 2019
Jul 25, 2019 | 08:57 EDT
RBC Capital analyst Arun Viswanathan raised his price target on Sherwin-Williams to $550 and kept his Outperform rating after its Q2 earnings beat, saying the quarter was driven by "strong execution" in its North America retail market and a "favorable" backlog of delayed projects. The analyst notes that the company's comps growth of 4.3% topped his forecast of 3% thanks to the higher sales volume and an increase in selling prices.
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