RBC Capital analyst Arun Viswanathan raised the firm’s price target on Axalta Coating to $42 from $39 and keeps an Outperform rating on the shares after its Q1 earnings beat and guidance raise. The company’s price/cost was positive while volume was flat, with growth in Light Vehicle and Refinish offset by lower Industrial and Commercial vehicles activity due to the softer macro environment, the analyst tells investors in a research note.
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