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Fly News Breaks for August 6, 2019
RPM
Aug 6, 2019 | 08:44 EDT
BMO Capital analyst John McNulty raised his price target on RPM to $82 and kept his Outperform rating after its Q4 earnings beat last month and meetings with the company CEO Frank Sullivan. The analyst says the discussions confirmed his conviction that in spite of a difficult macro environment, RPM has the momentum to sustain its earnings growth in 2020 and beyond thanks to cost cutting, account wins, and a "more benign" environment for raw materials.
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