RPM price target raised to $122 from $121 at UBS

UBS analyst Joshua Spector raised the firm’s price target on RPM to $122 from $121 and keeps a Neutral rating on the shares. RPM continues to benefit from MAP25 savings, which include lower raw materials, but with the stock near all time highs and volumes still slightly negative, a stronger inflection in volumes is needed to drive the next leg of margin expansion and stock outperformance, the analyst tells investors in a research note.