UBS Maintains Neutral Rating for RPM Intl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Neutral rating on RPM International Inc (NYSE:RPM) but raised its price target from $111.00 to $121.00. RPM Intl's shares are currently trading at $117.89, and the new price target suggests a potential upside of 2.64%. RPM International Inc is a manufacturer of paints, coatings, and adhesives with the majority of its revenue coming from North America.
March 14, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
UBS maintains Neutral rating on RPM Intl but raises price target from $111 to $121, indicating a potential 2.64% upside from the current price of $117.89.
The increase in RPM Intl's price target by UBS suggests a positive outlook on the stock's value, potentially leading to a short-term increase in its share price. Given RPM's current trading price and the new target, investors might see this adjustment as a sign of confidence in RPM's market position and future performance, especially considering its diverse product portfolio in paints, coatings, and adhesives.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100