Baird analyst Ghansham Panjabi raised the firm’s price target on Axalta Coating to $35 from $30 and keeps an Outperform rating on the shares. The analyst said the investment profile for Axalta is attractive heading into 2023, with the company benefitting from a likely long-tailed margin expansion phase, mean reversion in Global Auto OEM production, and commercial discipline instituted by new CEO.
Published first on TheFly
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Read More on AXTA:
- Axalta Coating price target raised to $31 from $30 at Mizuho
- Axalta Coating sees Q1 adjusted EPS 26c-33c, consensus 33c
- Axalta Releases Fourth Quarter and Full Year 2022 Results
- Axalta Coating reports Q4 adjusted EPS 38c, consensus 35c
- Axalta’s Sustainable Electrocoat (e-coat) Technology Wins 2023 BIG Innovation Award
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