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5 stories mentioning AXTAUpdated 39d ago

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Wire

Axalta Coating Systems, Akzo Nobel Shareholders Approve Merger

Axalta Coating Systems (AXTA) said Wednesday its shareholders approved an all-stock merger with Akzo Nobel.Also, Akzo Nobel shareholders voted to approve the merger, according to a statement.The combination is expected to be completed between late 2026 and early 2027, subject to regulatory clearance and standard closing conditions, the company said.Shares of the company were up 1% in Wednesday trading.Price: $38.06, Change: $+0.45, Percent Change: +1.20%

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Wire

Axalta Seen Tracking Toward 2026 EBITDA Midpoint as Refinish, Truck Coatings Strength Builds, RBC Says

Axalta Coating Systems (AXTA) may reach the midpoint of its 2026 EBITDA guidance, supported by improving trends in its refinish business and steady demand in commercial vehicles, RBC Capital Markets said Thursday in a report.RBC raised its 2026 and 2027 EBITDA estimates after Axalta on Tuesday delivered a Q2 beat on lower interest expenses and solid performance in commercial vehicle and performance coatings.The refinish segment should see better volumes in Q4 as shop activity improves and inventory normalization continues, RBC said. In commercial vehicles, contract wins in Europe and ongoing heavy-duty truck production are expected to support H2 volume growth, the report said.RBC also highlighted the planned merger with Akzo Nobel, noting that broader industrial exposure and integration benefits may strengthen Axalta's long-term earnings profile.RBC maintained its sector-perform rating on Axalta and its $36 price target.Price: $35.74, Change: $-0.29, Percent Change: -0.80%

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Wire

Sherwin-Williams, Nippon Paint Bid for AkzoNobel Rejected as Company Backs Axalta Deal

Sherwin-Williams (SHW) and Nippon Paint's bid to acquire AkzoNobel for 73 euros ($84.99) per share in cash was rejected, with the Dutch coatings maker reaffirming its support for the planned merger with Axalta Coating Systems (AXTA), the company said Wednesday.The proposal called for Nippon Paint to retain AkzoNobel's Decorative Paints and Industrial Coatings units, while Sherwin-Williams would acquire its other coatings businesses, AkzoNobel said.AkzoNobel's boards said the offer undervalued the company and raised concerns over deal certainty, regulatory approvals and stakeholder protections.The company added that it continues to unanimously support its merger with Axalta ahead of the expected release of a U.S. Securities and Exchange Commission Form F-4 tied to the deal.Shares of Axalta Coating Systems were up more than 7% in Wednesday premarket activity.Price: $32.30, Change: $+2.30, Percent Change: +7.67%

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Wire

UBS Adjusts Price Target on Axalta Coating Systems to $32 From $31, Maintains Neutral Rating

Axalta Coating Systems (AXTA) has an average rating of overweight and mean price target of $35.79, according to analysts polled by FactSet.Price: $28.72, Change: $+0.30, Percent Change: +1.06%

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Research

Wells Fargo Downgrades Axalta Coating Systems to Equal Weight From Overweight, Adjusts Price Target to $30 From $39

Axalta Coating Systems (AXTA) has an average rating of overweight and mean price target of $36.64, according to analysts polled by FactSet.

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