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Morgan Stanley raised their stock price forecast on Sherwin-Williams to $315 from $275 due to the confluence of solid first-quarter earnings results and continued momentum in HIRS/P&WP sales.
A tough environment for Sherwin-Williams might mean an opportunity for investors. Why Sherwin-Williams Stock Dropped Today and Took Home Depot and Lowe's Down Too Skip to main content
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Still, as of 10:38 a.m. ET, Sherwin-Williams stock was higher by 4%. The move came after news that the well-known company will join the Dow Jones Industrial Average (DJIA) stock index.
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The stock of Sherwin-Williams Co (NYSE:SHW, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation.