UBS Downgrades Axalta Coating Sys to Neutral, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has downgraded Axalta Coating Systems (AXTA) from Buy to Neutral while increasing the price target from $35 to $36.
January 08, 2024 | 12:13 pm
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NEUTRAL IMPACT
Axalta Coating Systems was downgraded by UBS from Buy to Neutral, although the price target was raised from $35 to $36.
The downgrade to Neutral suggests that UBS sees limited upside potential for AXTA, which could temper investor enthusiasm. However, the increase in the price target to $36 indicates a slight improvement in the expected performance of the stock. The mixed nature of this update may lead to a neutral short-term impact on the stock price as the market digests both the downgrade and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100