UPDATE: Citigroup Downgrades Masco Corporation to Neutral

Citigroup lowers its rating on Masco Corporation MAS to Neutral from Buy as the company's until-now strong units start to show weakness. Citigroup says, "Paints' dismal results (10.1% EBIT margin, one of the lowest in the last 10+ years) and management's commentary about increased competition from new products in the marketplace suggest that one of the “good” businesses may not be quite as good going forward. That is, one of the crown jewels may be tarnished." MAS closed at $11.67 a share on Wednesday.