Deutsche Bank Downgrades This Coatings Company - Read Why


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  • Deutsche Bank analyst David Begleiter downgraded Axalta Coating Systems Ltd (NYSE:AXTAto Hold from Buy and reduced the price target to $27 (an upside of 8.4%) from $34.
  • Given continuous raw material inflation and supply chain restrictions, the analyst believes Q2 and 2022 consensus expectations are too high.
  • Begleiter anticipates that the shares will remain range-bound for the next few months until there is clarity on when earnings might inflect.
  • Price Action: AXTA shares are trading lower by 0.8% at $24.93 on the last check Monday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsDowngradesPrice TargetAnalyst RatingsBriefs