RBC Capital analyst Arun Viswanathan lowered the firm’s price target on RPM (RPM) to $121 from $125 and keeps a Sector Perform rating on the shares. The company slightly missed Q1 EBIT on stronger Performance Coatings / Construction Products segment sales but higher SG&A, and the firm is somewhat cautious on RPM’s continued plant consolidation and growth-related SG&A expenses, the analyst tells investors in a research note.
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