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Sherwin-Williams Company (SHW): New Sell Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Tue Jun 16, 7:44AM CDT

Sherwin-Williams Company received a Sell rating and price target from Bank of America Securities analyst Daniel Lungo on June 12. The company’s shares closed last Friday at $317.30.

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According to TipRanks, Lungo is an analyst with an average return of -11.4% and a 50.00% success rate.

Currently, the analyst consensus on Sherwin-Williams Company is a Moderate Buy with an average price target of $371.20.

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Based on Sherwin-Williams Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.67 billion and a net profit of $534.7 million. In comparison, last year the company earned a revenue of $5.31 billion and had a net profit of $503.9 million

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