Qnity Electronics price target raised to $139 from $133 at RBC Capital

RBC Capital raised the firm’s price target on Qnity Electronics (Q) to $139 from $133 and keeps an Outperform rating on the shares after its Q4 earnings beat. The firm is positive on the company as it continues to put up solid top line and EBITDA growth while noting that its EBITDA margins could trend higher if customer capacity utilization continues to ramp, the analyst tells investors in a research note.