Daniel Kutz, an analyst from Morgan Stanley, reiterated the Buy rating on Perimeter Solutions (PRM – Research Report). The associated price target is $18.00.
Daniel Kutz has given his Buy rating due to a combination of factors that highlight Perimeter Solutions’ strong market position and growth potential. One significant development is the announcement by CMP to halt its Fortress operations, which was a potential competitor to PRM’s Retardant business. This move has positively impacted PRM’s stock, yet the company still presents a compelling risk-reward profile within the market.
Furthermore, the company’s financial performance in FY24 has been robust, demonstrating the leadership’s ability to drive value despite broader economic conditions. PRM’s core segments, Fire Safety and Specialty Products, have shown impressive growth in revenue and EBITDA over the past three years, with significant margin expansion. Additionally, while competition risks have been a concern, the market may have overestimated these threats, further supporting a positive outlook for PRM. Overall, Kutz sees substantial upside potential in PRM’s stock, making it an attractive investment opportunity.
According to TipRanks, Kutz is an analyst with an average return of -5.8% and a 35.90% success rate. Kutz covers the Energy sector, focusing on stocks such as Baker Hughes Company, Nabors Industries, and Patterson-UTI.
In another report released on March 25, UBS also upgraded the stock to a Buy with a $14.00 price target.