Morgan Stanley lowered the firm’s price target on Axalta Coating (AXTA) to $36 from $40 and keeps an Equal Weight rating on the shares. The firm, which updated estimates for Axalta post Q1 reporting, notes that its updated price target primarily reflects lower peer multiples since its last valuation update.
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Read More on AXTA:
- Axalta Coating Systems: Hold Rating Maintained Amid Price Target Adjustment and Mixed Segment Performance
- Axalta Coating downgraded to Neutral from Overweight at JPMorgan
- Hold Rating for Axalta Coating Systems Amidst Volume Growth Concerns and Market Risks
- Axalta Coating Systems Reports Strong Q1 2025 Results
- Axalta Q1 2025 Earnings: Record Profits Amid Challenges
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