RPM International (RPM) PT Lowered to $111 at BMO Capital

BMO Capital analyst John McNulty lowered the price target on RPM International (NYSE: RPM) to $111.00 (from $115.00) while maintaining an Outperform rating.

The analyst commented, "RPM posted a solid beat with EPS of $0.38 vs. consensus of $0.30 and guided FQ4 soundly above consensus to "mid-teens" EBIT growth despite a tougher-than-expected alkyd supply situation. With the rest of the businesses "picking up the slack" while Consumer gains its footing, we believe RPM will see very attractive growth that we do not believe is appreciated by the Street. We adjusted our Street-high estimates for F2023 to $5.03, our target price to $111, and reiterate our Outperform rating for one of our top picks."

You May Also Be Interested In

• Crown Castle (CCI) PT Lowered to $91 at BMO Capital Following Mixed Results
• United Airlines (UAL) PT Lowered to $135 at BMO Capital
• Danaher (DHR) PT Raised to $260 at Stifel as Nonrespiratory Core Growth Exceeded Expectations