Bank of America Merrill Lynch has issued a report lowering the Price Objective on The Sherwin-Williams Company 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.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsBank of America Merrill LynchConsumer DiscretionaryHome Improvement Retail
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