RPM International (RPM) PT Raised to $115 at BMO Capital

October 6, 2022 6:51 AM EDT
Get Alerts RPM Hot Sheet
Price: $102.72 --0%

Rating Summary:
    8 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 30 | New: 17
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BMO Capital analyst John McNulty raised the price target on RPM International (NYSE: RPM) to $115.00 (from $109.00) while maintaining an Outperform rating.

The analyst commented, "RPM posted better-than-expected results/guidance despite headwinds in Europe/lingering inflationary pressures. With early success from Map 2025 (adding $30mm in 1Q), better footing around the alkyd shortage and a catch up to raws with strong pricing, RPM's margin profile improved notably. This gives credibility to the Map 2025 margin target for 540bps of lift to 16% (details on Friday). With an outlook for continued DD EPS growth through F24 while others will likely flounder and multiple below their historic avg, RPM should continue to Outperform. Raised target price to $115."

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