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Fly News Breaks for October 4, 2018
RPM
Oct 4, 2018 | 07:06 EDT
RBC Capital analyst Arun Viswanathan lowered his price target on RPM to $60 after its Q1 earnings miss, saying the headwinds around the price-cost dynamics and restructuring offset the quarter's "strong organic top-line number" in Industrial and Consumer segments. The analyst notes that while cost inflation challenges are "well documented", consumer pricing continues to lag. Viswanathan also keeps his Sector Perform rating on RPM and expects the stock to stay range bound but also keeps an eye on November when then company will unveil its "2020 MAP to growth".
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