Morgan Stanley raised the firm’s price target on RPM to $125 from $107 and keeps an Equal Weight rating on the shares. The firm is updating its RPM model post fiscal Q1 reporting and while it still views the risk/reward as balanced, the firm “leans positive” as it views RPM’s MAP cost goals as “very accessible,” despite being “less confident on the top line outlook.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPM:
- RPM price target raised to $134 from $125 at Wells Fargo
- RPM price target raised to $126 from $120 at RBC Capital
- RPM price target raised to $140 from $132 at Deutsche Bank
- RPM price target raised to $149 from $139 at BMO Capital
- RPM price target raised to $150 from $140 at Seaport Research