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AXTA - Axalta Coating Systems: Positive Refinish And Mobility Coating Outlook
Axalta Coating Systems Ltd.
2024-03-10 07:07:12 ET
Summary
AXTA's past financials have demonstrated strong revenue recovery from the impact of COVID-19. In addition, margins have remained robust.
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.