Axalta Coating price target lowered to $29 from $31 at RBC Capital

RBC Capital lowered the firm’s price target on Axalta Coating (AXTA) to $29 from $31 and keeps a Sector Perform rating on the shares. The company’s Q1 results beat on lower operating expenses and the management maintained its FY26 guidance on mid-single-digit price offsetting mid-single-digit raws inflation, the analyst tells investors in a research note. RBC adds, however, that the midpoint of guidance would still require demand recovery, and the firm believes that Axalta should land at the lower end of that range.