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AXTA

Axalta Coating

$31.83

0.1675 (0.53%)

10:38
12/01/17
12/01
10:38
12/01/17
10:38

Axalta Coating downgraded to Hold from Buy at Vertical Research

Vertical Research analyst Kevin McCarthy downgraded Axalta Coating to Hold saying the shares are now fairly valued following the failure of takeover talks with two companies. The analyst cut his price target for the stock to $31 from $37.

AXTA Axalta Coating
$31.83

0.1675 (0.53%)

11/30/17
JEFF
11/30/17
NO CHANGE
Target $36
JEFF
Buy
Investors to refocus on Axalta fundamentals after deal talks end, says Jefferies
Jefferies analyst Laurence Alexander said some M&A premium may linger for Axalta Coating but he expects investors to assign a fading M&A view after two deal discussions failed so close together. With merger talks with Nippon Paint ended, he expects investors to shift their focus back to the company's fundamentals, noting also that economic data has improved and the company's pricing initiatives have had time to gain traction since its initial talks with AkzoNobel came to light. Alexander lowered his price target on Axalta to $36 from $38 and keeps a Buy rating on the stock.
11/30/17
SBSH
11/30/17
NO CHANGE
Target $34
SBSH
Neutral
Axalta takeout premium not fully removed, says Citi
Citi analyst P.J. Juvekar says that around $31, Axalta Coating Systems shares have not fully removed a takeout premium. The analyst notes that $28 per share is his bear case scenario if a buyout does not happen. Axalta, remains a leading takeout candidate, but the quick failure of two public negotiations is surprising, Juvekar tells investors in an intraday research note. He still thinks Axalta is a willing seller at the right price, but cautions that the likelihood of a quick deal "seems diminished" following the failure of the Nippon talks. Juvekar has a Neutral rating on Axalta with a $34 price target.
12/01/17
DBAB
12/01/17
NO CHANGE
Target $35
DBAB
Buy
Axalta target raised to $35 after failed deals at Deutsche Bank
The failure of Axalta Coating (AXTA) to reach a takeover deal with either Nippon or AkzoNobel (AKZOY) more reflects the situations at the latter two companies than any concerns or issues with the Axalta's coating businesses, Deutsche Bank analyst David Begleiter tells investors in a research note partially titled "Unwanted but Not Unloved." The analyst raised his price target for Axalta shares to $35 from $32, which reflects 11% upside from current levels. He keeps a Buy rating on the name
12/01/17
BARD
12/01/17
NO CHANGE
Target $35
BARD
Outperform
Axalta Coating fundamentals remain intact, says Baird
Baird analyst Ghansham Panjabi noted Axalta reported its talks with Nippon have ended due to a big divide between them over a takeout price for the company. Although disappointed the negotiations broke down, he said the company has shown a commitment toward building critical mass in a shareholder friendly manner. The analyst said Axalta's fundamentals remain intact and the company is set up for a solid 2018 setup. Panjabi reiterated his Outperform rating and $35 price target on Axalta shares.

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