KeyBanc analyst Aleksey Yefremov raised the firm’s price target on Axalta Coating to $36 from $32 and keeps an Overweight rating on the shares. The firm expects continued progress on margins in 2Q23, accelerating in 2H23 as Axalta benefits from lower raw materials making their way from inventory to sales, the analyst tells investors in a research note.
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Published first on TheFly
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