RPM price target raised to $125 from $107 at Morgan Stanley

Morgan Stanley raised the firm’s price target on RPM to $125 from $107 and keeps an Equal Weight rating on the shares. The firm is updating its RPM model post fiscal Q1 reporting and while it still views the risk/reward as balanced, the firm “leans positive” as it views RPM’s MAP cost goals as “very accessible,” despite being “less confident on the top line outlook.”