Credit Suisse Assumes Sherwin-Williams (SHW) at Outperform

Credit Suisse assumes coverage on Sherwin-Williams (NYSE: SHW) with a Outperform rating and a price target of $308.00 (from $285.00).

Analyst C. Parkinson commented, "We have assigned a rough ~95% probability to the VAL deal closing in some capacity; this implies 80% w/ no divestitures and 15% with some required level. Based on these assumptions, we view the pro-forma entity worth approximately $308/shr, which implies a valuation in the 12x-13x range (see rationale below- model available)."

For an analyst ratings summary and ratings history on Sherwin-Williams click here. For more ratings news on Sherwin-Williams click here.

Shares of Sherwin-Williams closed at $273.29 yesterday.

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