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Stock impact report

Axalta Coating Systems: Positive Refinish And Mobility Coating Outlook [Seeking Alpha]

Axalta Coating Systems Ltd. Common Shares (AXTA) 
Last axalta coating systems ltd. common shares earnings: 1/30 06:45 am Check Earnings Report
Company Research Source: Seeking Alpha
AXTA continued to show strong revenue growth in 2023, with expanding margins compared to the previous year. The refinish segment, which forms the largest share of revenue, is expected to remain robust, supported by the increasing number of cars and body shop wins. From my relative valuation model, my target price indicates double-digit upside potential. Therefore, I am recommending a buy rating. Synopsis Axalta Coating Systems ( NYSE: AXTA ) is a company that manufactures and supplies high-performance coating systems. AXTA's past financials have shown volatile revenue growth due to the impact of COVID-19, but it has also demonstrated a strong recovery. Due to rising inflation, gross profit margins were under pressure, but it managed to maintain its net income margin. In 2023, revenue continued to report growth. In addition, margins expanded year-over-year when compared to 2022. Looking ahead, its refinish and mobility segment's outlook is positive, which is expected to bolste Show less Read more
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