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Fly News Breaks for October 24, 2019
AXTA
Oct 24, 2019 | 13:40 EDT
Baird analyst Ghansham Panjabi says that while directionality in Axalta Coating shares near-term will likely remain volatile pending the outcome of the strategic review, the fundamental outlook for the company is irrespectively improving, with continued margin recovery likely intersecting with a gradual up-tick in volume growth in 2020, combined with considerable balance sheet firepower. The analyst reiterates an Outperform rating and $35 price target on the shares.
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