BUZZ-Citi upgrades Sherwin-Williams, raises price target for PPG Industries
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Citi has upgraded Sherwin-Williams to "buy" and raised the price target for PPG Industries, citing limited M&A activity, organic growth, and selective bolt-on deals as key strategies in the paints and coatings industry. Sherwin-Williams is expected to benefit from housing recovery and cost discipline, while PPG is well-positioned in high-growth niches. The new price targets are $390 for Sherwin-Williams and $120 for PPG Industries.
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