** Shares of paints and coating maker Sherwin-Williams SHW.N fall 1.6% to $350.45 premarket
** Brokerage Citi Research downgrades stock to "neutral" from "buy", cuts PT to $385 from $405
** New PT implies an 8.1% premium to stock's last close
** Citi says the downgrade reflects delayed recovery in the housing market stemming from elevated rates, sluggish existing home sales and challenging homebuilder environment
** 17 of 30 brokerages rate the stock "buy" or higher, 11 "hold" and two "sell" or lower; their median PT is $400 - LSEG data
** As of last close, stock is up 4.8% YTD
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))