RBC Capital raised the firm’s price target on Axalta Coating (AXTA) to $35 from $33 and keeps a Sector Perform rating on the shares. The company slightly missed Q4 on lower volumes but saw about 50bps of margin expansion, the analyst tells investors in a research note.
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 raised to $36 from $35 at UBS
- Axalta Coating price target raised to $37 from $35 at Baird
- Axalta Coating price target raised to $35 from $33 at BMO Capital
- Axalta Coating price target raised to $40 from $36 at Goldman Sachs
- Axalta Earnings Call: Record Margins Amid Soft Demand
