Sherman Williams Downgraded at Nomura (SHW)
Nomura Securities reported on Wednesday that they have downgraded paint retailer, Sherwin-Williams Company(SHW) to “Neutral”.
The firm has downgraded SHW from a “Buy” to “Neutral” due to a Valuation called on their $170 price target. This price target suggests a 8% increase over the stock’s current price of $155.81.
Sherwin-Williams shares were mostly flat during premarket trading Wednesday. The stock is up 76.04% YTD.
The Bottom Line
Shares of Sherwin-Williams (SHW) have a .99% dividend yield, based on last night’s closing stock price of $157.15. the stock has technical support in the $140-$150 price area. The stock is trading at all-time highs.
Sherwin-Williams Company(SHW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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