BofA analyst Salvator Tiano upgraded RPM (RPM) to Buy from Neutral with a price target of $129, up from $126. The firm cites the retracement in the stock price heading into and then following Q1 earnings earlier this month, the analyst tells investors in a research note. BofA adds that it had been concerned with earnings leverage for the company given tariff headwinds and inflation in operating and non-operating costs, though it was also surprised by the extent the company felt that pressure. BofA adds however that RPM should rerate higher as earnings leverage improves.
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