Market Overview

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

Related SHW
Sherwin-Williams Hits 52-Week High On Strong Q2 Results
U.S. Stocks Look To Recover Following Malaysian Airline Crash; Energy Stocks Were Relative Laggards
Looking at Fixer-Upper Stocks (Fox Business)

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.

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

 

Related Articles (SHW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional