Mizuho raised the firm’s price target on Axalta Coating to $34 from $31 and keeps a Buy rating on the shares. Heading into the Q1 reports from the coatings companies, the analyst is "broadly optimistic" on end-market trends but says apprehension regarding the second half of 2023 global macro risks "will mute otherwise positive reactions." The firm increased estimates to reflect "better than feared" first half of the year trends.
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Published first on TheFly
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