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Fly News Breaks for June 26, 2019
AXTA
Jun 26, 2019 | 08:03 EDT
KeyBanc analyst Michael Sison raised his price target for Axalta Coating to $35 from $30 as it explores strategic alternatives that could yield attractive upside on a takeout basis. On a fundamental basis, the analyst sees modest LSD EBITDA growth driven primarily by pricing and cost savings offsetting weak demand in auto OEM and industrial markets. Sison reiterates an Overweight rating on the shares.
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