Barclays Lowers AkzoNobel Rating to Equal Weight, Cuts Target as Pricing and Deal Risks Rise
Barclays reduced its rating on AkzoNobel from Overweight to Equal Weight and trimmed its price target by 32% to €47 from €69. The downgrade reflects persistent pricing lags tied to backward-looking raw material indices, a regional footprint that limits repricing, and balance-sheet risks connected to a proposed merger with Axalta Coating Systems. Ba…