Morgan Stanley Revises Quarterly Estimates For RPM International

In a report published Monday, Morgan Stanley analyst Vincent Andrews reiterated an Overweight rating and $50.00 price target on RPM International (NYSE: RPM).

In the report, Morgan Stanley noted, “Following F1Q15 results, in which RPM reaffirmed full-year guidance and provided a $2.70 to $2.90 EPS outlook for FY16, we are revising our quarterly estimates for the remainder of FY15, as well as raising our FY16 estimates to account for accretion related to the reconsolidation of SPHC.”

RPM International closed on Friday at $41.29.