NEW YORK (TheStreet) -- Valspar Corp.  (VAL - Get Report) stock was initiated with a "neutral" rating at Credit Suisse on Tuesday. The firm set a price target of $102 on the stock.

The Minneapolis-based paint company announced on Sunday that it will be acquired by competitor Sherwin-Williams Co. (SHW) in a deal valued at $11.3 billion. 

"We believe a competing bid is relatively unlikely, due to both the size of the price tag and strategic fit with peers," Credit Suisse said. "However, we view a high probability of the deal closing with Sherwin-Williams, with an about 15% to 20% probability of at least some small divestitures required."

If regulators require Valspar and Sherwin-Williams to make divestitures, the companies would likely target the North American Architectural market, the firm added.

Credit Suisse also initiated coverage on Sherwin-Williams stock with an "outperform" rating on Tuesday.

Valspar stock closed up by 23.13% to $103.22 on Monday. 

Separately, Valspar has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's good cash flow from operations and expanding profit margins.

You can view the full analysis from the report here: VAL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.