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Axalta Coating price target lowered to $42 from $45 at Barclays

Barclays analyst Michael Leithead lowered the firm’s price target on Axalta Coating (AXTA) to $42 from $45 and keeps an Overweight rating on the shares following the Q1 report. The firm says “robust execution” and share gains should support Axalta’s multiple, as well as position the company well for an eventual recovery.

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