Axalta Coating price target raised to $42 from $40 at Baird

Baird raised the firm’s price target on Axalta Coating to $42 from $40 and keeps an Outperform rating on the shares. The firm said the second consecutive quarterly earnings beat and raise is beginning to price in the higher quotient for execution at the company, and Baird continues to believe that Axalta management is progressing on a long-tailed self-improvement led turnaround effort.