RBC Capital raised the firm’s price target on RPM to $126 from $120 and keeps a Sector Perform rating on the shares. The company posted a solid quarter, with improving margins from MAP 2025 and EPS growth from debt paydown, the analyst tells investors in a research note. Strength in infrastructure and R&R – repair and remodeling – continues to be somewhat offset by headwinds in DIY/residential, though RPM’s operational leverage is better with lower SG&A and unlocked capacity from operational improvement, RBC added, also boosting its assumed forward earnings multiple to 15-times from 14-times.
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