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UBS lowered the firm’s price target on Sherwin-Williams (SHW) to $400 from $430 and keeps a Buy rating on the shares. The firm sees another challenging earnings cycle, with “largely ok” downstream earnings, while upstream/commodity earnings will be impacted by higher costs and likely weaker end of quarter demand, the analyst tells investors in a research note. UBS sees earnings misses to drive stocks down vs. provide relief.

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