Axalta Initiates Review Of Strategic Alternatives

Axalta (AXTA) Strategic Review Should Put a Floor in Stock; Worth ~$37-$45 in Deal - RBC

RBC Capital analyst Arun Viswanathan reiterated an Outperform rating and $30.00 price target on Axalta Coating Systems (NYSE: AXTA) saying the strategic review should put a floor in the stock

The analyst sees the stock worth ~$37-45 in a sale.

"A sale of the entire company is likely most preferable for AXTA, in which case we believe AXTA should fetch 12x EBITDA (our PPG target multiple) up to 14x (similar to the 14x SHW paid for Valspar), implying $37 to $45/share for AXTA," the analyst... More

Axalta Coating Systems (AXTA) Worth $31-$35 in Takeover; Sees Buyer Limited - Nomura

Nomura/Instinet analyst Aleksey Yefremov reiterated a Neutral rating and $28.00 price target on Axalta Coating Systems (NYSE: AXTA) after the company announced it will explore strategic alternatives, which could include a sale of the company.

"Our initial reaction is cautious optimism about a potential sale of AXTA, with heavy emphasis on cautious," Yefremov commented.... More

Axalta Coating Systems (AXTA) Worth Mid-$30s in a Deal - Citi

Citi analyst P.J. Juvekar weighed in on Axalta Coating Systems (NYSE: AXTA) after the company announced plans to review strategic alternatives. The analyst said the company is worth mid-$30s in a deal and mid-to-high $20s with no deal.

Axalta Coating Systems (AXTA) Worth $49/Share in Deal - Seaport

Seaport Global Securities analyst Michael Harrison weighed in on Axalta Coating Systems (NYSE: AXTA) after the company announced a strategic review. Harrison said the review could help realize additional value and sees shares worth $49/share in a deal.

The analyst reiterated... More