RPM price target lowered to $94 from $117 at BofA

BofA lowered the firm’s price target on RPM (RPM) to $94 from $117 and keeps an Underperform rating on the shares. The firm’s cautious view on RPM due to expectations of a slowdown in commercial and residential construction and repair markets in the U.S. is now being magnified by a likely slowdown in the U.S. economy, the analyst tells investors. These impacts may be minor in Q4 given only eight weeks remaining in the quarter, says the analyst, whose Q4 EPS estimate falls to $1.60 from $1.71 and whose FY26 EPS estimate “falls further” to $4.81 from $5.93, representing a 5% year-over-year EPS decline driven by demand destruction and higher raw material costs.