UBS downgrades Sherwin-Williams rating due to weak U.S. housing market

hk.finance.yahoo.com (Chinese)

UBS downgraded Sherwin-Williams to neutral, citing a weak U.S. housing market and potential acquisition pressures. The downgrade reflects concerns about delayed profit recovery, with growth projected at 5% annually, significantly below historical levels, due to the housing market's impact. The report also notes Sherwin-Williams' potential bid for AkzoNobel assets, which could increase leverage and shift focus to slower-growth segments.


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UBS downgrades Sherwin-Williams rating due to weak U.S. housing market | News Minimalist