Axalta Coating price target raised to $35 from $33 at Baird

Baird analyst Ghansham Panjabi raised the firm’s price target on Axalta Coating to $35 from $33 and keeps an Outperform rating on the shares. The firm believes the management team is appropriately conservative as it relates to guidance, in context of previously grandiose targets outlined by predecessors that ultimately led to investor fatigue given an erratic earnings stream.