Sherwin-Williams Co. Stock Price Declines Following Citi Downgrade
Sherwin-Williams Co. has experienced a decline in its stock price following a downgrade by Citi. The rating agency cited concerns over the housing market as a primary factor in its decision.
Reasons for Downgrade
Citi’s downgrade was based on the company’s close ties to the housing market. As a result, any weakness in this sector is likely to impact Sherwin-Williams’ sales and profits.
Analyst Recommendations
Some analysts have advised against buying Sherwin-Williams shares due to the company’s current market position. However, one analyst suggests that RPM International stock could be a better option for investors.
Key Factors Affecting Sherwin-Williams Co.
- Close ties to the housing market
- Potential impact of housing market weakness on sales and profits
- Analyst recommendations against buying shares