RPM International (RPM) PT Lowered to $123 at BMO Capital
BMO Capital analyst John McNulty lowered the price target on RPM International (NYSE: RPM) to $123.00 (from $127.00) while maintaining a Outperform rating.
The analyst comments "RPM has shown significantly improved profitability in F24 (and mid-teens EPS growth) with improved price/cost and PCG/CPG enjoying lift from on shoring trends. However, RPM's significant work tied to the MAP25 initiatives has been partially masked by weak vols in their markets. As volume trends likely improve in the next 12 months, evidence of management's work will be more clear. With mid/upper teens EPS likely for the next two years as well as the continued surge in FCF from MAP25 we believe RPM is poised to outperform going forward."