BMO Capital raised the firm’s price target on Axalta Coating (AXTA) to $48 from $46 and keeps an Outperform rating on the shares. Despite a difficult macro backdrop, the firm’s recent talks with Axalta management confirmed that the company is poised for top-line growth acceleration, incremental margin lift, and increased free cash flow, driving a significantly improved balance sheet that facilitates buybacks and focused bolt-on M&A, the analyst tells investors in a research note.
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Read More on AXTA:
- Axalta Coating initiated with an Outperform at Evercore ISI
- Axalta Coating price target raised to $50 from $44 at Seaport Research
- Axalta Coating price target raised to $46 from $44 at RBC Capital
- Axalta Coating price target raised to $44 from $42 at Barclays
- Axalta Coating price target raised to $43 from $42 at Mizuho