Bank of America Merrill Lynch Lowers PO On SHW To $90

Bank of America Merrill Lynch has issued a report lowering the Price Objective on The Sherwin-Williams Company (NYSE: SHW) from $92 to $90 a share.

According to the report, "Sherwin posted 2Q11 EPS of $1.66A vs. our $1.74E and the FirstCall mean of $1.76. Escalating raw material costs and adverse weather pressured margins. We expect the former to persist in the latter half when earnings comparisons ease."

SHW has a Neutral Rating and closed yesterday at $81 a share.