Analyst Michael Sison from Wells Fargo maintained a Buy rating on Axalta Coating Systems (AXTA – Research Report) and keeping the price target at $45.00.
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Michael Sison’s rating is based on Axalta Coating Systems’ strong fourth-quarter performance in 2024, where the company exceeded earnings per share expectations, supported by a favorable price and mix strategy. The results showed a notable 30% year-over-year increase in adjusted EPS, reflecting effective cost management and a $27 million tax benefit. Furthermore, the company’s guidance for the first quarter of 2025 and the full year is optimistic, indicating continued strong financial health and market position.
Axalta’s 2025 full-year guidance suggests impressive growth prospects with an anticipated adjusted EPS range that surpasses analyst estimates, underlining the company’s robust business strategies. The guidance includes expectations of achieving substantial cost savings, lower interest expenses, and share gains in the refinish segment, despite challenges such as geopolitical uncertainties and potential tariff impacts. These positive indicators contribute to Sison’s confidence in recommending a Buy rating for Axalta Coating Systems.
In another report released today, Barclays also maintained a Buy rating on the stock with a $45.00 price target.