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UPDATE: Goldman Sachs Moves Sherwin-Williams to Not Rated on Conflict of Interest

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Goldman Sachs moves its rating on Sherwin-Williams (NYSE: SHW) to Not Rated as it will serve as an advisor to the company on a corporate transaction. Previously, Goldman Sachs had a $160 price target on Sherwin-Williams.

Goldman Sachs commented, "The Americas Investment Review Committee has determined that the ratings and price target for Sherwin-Williams should be removed. Goldman Sachs is acting as a financial advisor in connection with a transaction that is fundamental to the reasonable analysis of the rating and price target for this stock. This “Not Rated” status will continue until such time as sufficient information is available, and/or contingencies appear resolved, to allow such analysis."

Sherwin-Williams closed at $140.84 on Friday.

Latest Ratings for SHW

DateFirmActionFromTo
Feb 2015JP MorganMaintainsNeutral
Feb 2015BarclaysMaintainsEqual-weight
Jan 2015CitigroupMaintainsNeutral

View More Analyst Ratings for SHW
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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