Sherwin-Williams Co. (SHW)

Shares of Sherwin-Williams Company (SHW) dropped by 4.17% from $252.74 to $242.29 in the trading on Wednesday, October 18, 2023. The reason why SHW stock down is due to a downgrade. BofA Securities downgraded the rating from Neutral to Underperformand also reduced the price target from $300 to $211. This downgrad had a negative impact on investor sentiment, leading to the decline in SHW stock price.