RPM price target lowered to $127 from $128 at BofA

BofA analyst Salvator Tiano lowered the firm’s price target on RPM (RPM) to $127 from $128 and keeps a Neutral rating on the shares. Recent Q2 results from Home Depot (HD) and Lowe’s (LOW) suggest a neutral to slightly positive read though for home investment, but the firm lowered it Q1 and FY26 EPS estimates for RPM, primarily reflecting Q1 margin headwinds in the Consumer paint segment given the lag between price-mix and higher raws, the analyst tells investors.