BMO Capital raised the firm’s price target on RPM (RPM) to $154 from $153 and keeps an Outperform rating on the shares. The firm leaves its recent meeting with the company management with greater confidence that RPM is poised for better-than-expected margins and growth headnig deeper in the calendar year, the analyst tells investors in a research note. RPM is benefiting from further improvements in its efficiency while also focusing on accelerating its growth, BMO added.
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 International Achieves Record Earnings Amid Challenges
- RPM International Strengthens Board with New Appointments
- RPM price target lowered to $140 from $150 at Mizuho
- RPM price target lowered to $124 from $126 at JPMorgan
- Wells Fargo ups RPM to Overweight, sees recent stock weakness as opportunity