Information Provided By:
Fly News Breaks for October 16, 2015
PPG
Oct 16, 2015 | 06:24 EDT
UBS analyst John Roberts upgraded PPG Industries to Buy citing the 15% pullback in shares over the past two weeks. The analyst keeps a $122 price target for shares.
News For PPG From the Last 2 Days
PPG
Apr 22, 2024 | 16:28 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
PPG
Apr 22, 2024 | 12:15 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
PPG
Apr 22, 2024 | 06:24 EDT
KeyBanc lowered the firm's price target on PPG to $162 from $164 and keeps an Overweight rating on the shares. Volumes have yet to see a material improvement, although improvement trend over the last few quarters is convincing, the firm says. KeyBanc views the flat result in Q1 to be on the lighter side but expecta improvement as 2024 unfolds, and accelerating into 2025. Investors are clearly concerned about margin cycle turning lower, but the firm sees the current level of petrochemical inflation as more than manageable in the context of PPG's long-term margin history, modest rise in costs so far, and proactive portfolio improvement.
PPG
Apr 22, 2024 | 05:56 EDT
Deutsche Bank analyst David Begleiter lowered the firm's price target on PPG to $155 from $160 and keeps a Buy rating on the shares following the Q1 report. The analyst says the company's second half of the year earnings ramp overshadows the volume inflection. With Q1 volumes falling short of expectations and Q2 guidance modestly below expectations as industrial and European demand remains weak, investors are concerned the company's second half guidance is too high, the analyst tells investors in a research note. The firm believes PPG will be able to achieve its earnings guidance, albeit at the low end of the range which represents more reasonable 11% growth.