BMO Capital raised the firm’s price target on RPM to $149 from $139 and keeps an Outperform rating on the shares. The company’s results highlighted the significant improvement in the profitability of their portfolio as margins improved for the second consecutive quarter despite weaker sales, and given the potential for RPM to benefit from rate cuts in the second half of FY25, the firm believes that its earnings are poised for significant growth in the next 12-18 months, the analyst tells investors in a research note. BMO maintains that this potential is “underappreciated by the Street”.
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