Rpm stock price forecast updates indicate resilient performance

RPM stock price forecast updates indicate resilient performance even against broader equity market pullbacks, reflecting defensive characteristics of industrial supply stocks. Firstly, we acknowledge that RPM International has a significantly high ROE. Secondly, even when compared to the industry average of 9.3% the company's ROE is quite impressive. Probably as a result of this, RPM International was able to see a decent net income growth of 11% over the last five years. A number of other brokerages have also recently commented on RPM. Wells Fargo & Company increased their target price on shares of RPM International from $131.00 to $145.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Morgan Stanley upped their price target on RPM International from $113.00 to $124.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Mizuho lifted their price objective on RPM International from $126.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. UBS Group raised their target price on RPM International from $126.00 to $127.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 24th. Finally, Royal Bank Of Canada upped their price objective on shares of RPM International from $115.00 to $125.00 and gave the company a "sector perform" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, RPM International has an average rating of "Moderate Buy" and an average price target of $131.00. RPM stock price forecast strategies from brokerage research recommend staggered entry points between $101–$104 to optimize mid-year sector exposure.