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UPDATE: Morgan Stanley Initiates RPM International at Overweight on Organic Growth

Related RPM
Morgan Stanley Revises Quarterly Estimates For RPM International
Earnings Scheduled For October 8, 2014

Morgan Stanley initiated coverage on RPM International (NYSE: RPM) with an Overweight rating and a $34 price target.

Morgan Stanley commented, "RPM's discount to peers suggests a weak growth outlook, but in fact the company has exposure to attractive end-markets, such as US residential and non-residential construction, and we expect organic growth to meet or exceed that of peers. … How investors can win: 1) better-than-expected top-line growth; 2) accretive acquisitions that “move the needle” (~$2/share of value in our Base-case); 3) margin expansion via falling raw material costs and SG&A leverage."

RPM International closed at $27.72 on Wednesday.

Latest Ratings for RPM

DateFirmActionFromTo
Oct 2014JP MorganMaintainsNeutral
Jul 2014JP MorganMaintainsNeutral
Jul 2014Credit SuisseMaintainsOutperform

View More Analyst Ratings for RPM
View the Latest Analyst Ratings

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