Axalta Coating Systems (AXTA) PT Raised to $44 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the price target on Axalta Coating Systems (NYSE: AXTA) to $44.00 (from $42.00) while maintaining a Outperform rating.

The analyst comments "We raise our FY24/25 estimates and target to $44 on strong 2Q results and raised guidance. We maintain our Outperform given strong management
execution and cost savings initiatives, EBITDA margins exceeding the LT target range of 20%-21% in 2Q, strong FCF generation, and relatively low leverage (~2.6x)."

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