Morgan Stanley Maintains Equal-Weight Rating for RPM International: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of RPM International RPM and lower its price target from $97.00 to $88.00.

Shares of RPM International are trading up 0.66% over the last 24 hours, at $81.80 per share.

A move to $88.00 would account for a 7.58% increase from the current share price.

About RPM International

RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.