BMO Capital lowered the firm’s price target on RPM (RPM) to $126 from $154 and keeps an Outperform rating on the shares. The company’s Q3 results came short of expectations as weather across the western/South East and fixed-cost absorption issues were rougher than expected, while the Q4 guide was disappointing as raws inflation, lower volumes, and macro weighed on things, the analyst tells investors in a research note. BMO adds however that it continues to see solid upside over the longer term as RPM has self-help measures and limited tariff exposure.
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