Market Overview

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

Share:
Related SHW
Benzinga's Top Upgrades
Mid-Morning Market Update: Markets Rise; Citigroup Q2 Profit Tops Estimates

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
Jul 2015Northcoast ResearchUpgradesNeutralBuy
May 2015SusquehannaMaintainsNeutral
May 2015Credit SuisseMaintainsOutperform

View More Analyst Ratings for SHW
View the Latest Analyst Ratings

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

 

Related Articles (SHW)

Get Benzinga's Newsletters