Citi analyst Patrick Cunningham lowered the firm’s price target on Axalta Coating (AXTA) to $42 from $45 and keeps a Buy rating on the shares. The firm says the spike in oil prices along with supply disruptions has impacted most key raw materials for coatings.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXTA:
- Axalta Coating price target lowered to $32 from $39 at Mizuho
- Axalta Faces Share Price Fallout and €150M Breakup Fee Risk if AkzoNobel Merger Fails
- Axalta Coating price target raised to $35 from $33 at RBC Capital
- Axalta Coating price target raised to $36 from $35 at UBS
- Axalta Coating price target raised to $37 from $35 at Baird