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Fly News Breaks for July 25, 2019
AXTA
Jul 25, 2019 | 12:25 EDT
Baird analyst Ghansham Panjabi raised his price target for Axalta Coating Systems to $35 from $30 and reiterates an Outperform rating on the shares following the company's Q2 results. While volume challenges across Axalta's portfolio will likely persist through the second half of 2019, execution on pricing should continue to drive margin expansion over the next few quarters, Panjabi tells investors in a research note. The analyst finds the stock attractive at current levels, "irrespective of any event driven outcome."
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