Axalta Coating price target lowered to $34 from $37 at RBC Capital

RBC Capital lowered the firm’s price target on Axalta Coating (AXTA) to $34 from $37 and keeps an Outperform rating on the shares. The company beat Q2 on cost initiatives despite challenging volumes, but lowered its FY25 outlook on continued choppy demand, the analyst tells investors in a research note.