Morgan Stanley analyst Vincent Andrews has maintained their neutral stance on RPM stock, giving a Hold rating on July 9.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vincent Andrews has given his Hold rating due to a combination of factors affecting RPM International’s financial outlook. The updated earnings per share estimates for the upcoming fiscal years have been slightly adjusted downward, reflecting both positive and negative influences on the company’s performance.
While RPM International is expected to benefit from foreign exchange and mergers and acquisitions, these are counterbalanced by challenges such as declining organic volumes in the consumer segment, particularly due to ongoing weaknesses in the DIY market. Additionally, there are margin pressures related to the timing of pricing and cost adjustments. These mixed factors contribute to a cautious outlook, justifying the Hold rating.
In another report released on July 9, UBS also maintained a Hold rating on the stock with a $119.00 price target.