Citi lowered the firm’s price target on Sherwin-Williams (SHW) to $420 from $430 and keeps a Buy rating on the shares post the Q3 report. The company expects demand to remain choppy in the first half of 2025, tempering expectations on a faster flow-through of rate cuts, the analyst tells investors in a research note. However, Citi says some market indicators show a potential resurgence of home remodeling.
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