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Fly News Breaks for June 21, 2019
AXTA
Jun 21, 2019 | 06:51 EDT
BMO Capital analyst John McNulty raised his price target on Axalta Coating to $34 and kept his Market Perform rating following the 15% rally in the stock on news that the management has initiated review of strategic alternatives. The analyst notes that there may be some M&A interest given the company's "attractive" assets, and the stock's fair value could reach the $36-$44 per share range if a deal is reached.
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