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Fly News Breaks for October 15, 2019
RPM
Oct 15, 2019 | 16:21 EDT
Wells Fargo analyst Michael Sison initiated coverage of RPM with an Outperform rating and $80 price target. The company struggled to generate consistent earnings growth but the next two years can be different, Sison tells investors in a research note. He believes RPM's earnings growth will be supported by "significant" cost reduction and its operational improvement program. The analyst thinks the company can generate strong double-digit earnings and EBITDA growth over the next two years.
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