** Citigroup resumes coverage on paint maker Sherwin-Williams SHW.N with a "buy" rating and price target of $423
** New price target represents a 19.8% upside to the stock's last close
** SHW had announced on February 17 that it would acquire BASF’s Brazilian architectural paints business for $1.15 billion, with the transaction expected to close 2H25
** "We view the LatAm expansion opportunity that the acquisition brings favorably, but see potential investor pushback on SHW’s current limited regional exposure and challenging operating environment in Brazil," - brokerage
** 16 of 29 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $408 - data compiled by LSEG
** Up till last close, stock up 3.8% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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