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.
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Published first on TheFly
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