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PPG

PPG

$105.16

0.42 (0.40%)

14:29
04/19/17
04/19
14:29
04/19/17
14:29

PPG technical comments ahead of earnings

The shares have been trading in a stable bullish price channel since the lows of October of last year. Price ahead of earnings is trading closer to the channel lows, which is at the $102 area. If the news is a negative surprise, a breakdown below the price channel would break the uptrend. Next support levels to watch as potential downside objectives would be at $100, $98.61, $97.14, and $95.21. If the news is bullish, first resistance would be at the $107 area and then at the channel high at the $110 area. Next resistance levels to watch as potential upside objectives would be at $111.52, $112.95, and $115.16. The 52-week high is at $117.

  • 20

    Apr

  • 20

    Apr

PPG PPG
$105.16

0.42 (0.40%)

03/09/17
BARD
03/09/17
NO CHANGE
BARD
PPG negotiations with AkzoNobel likely ongoing, says Baird
Baird said PPG's (PPG) negotiations with AkzoNobel (AKZOY) are likely ongoing despite Akzo's rejection. The firm's analyst believes potential anti-trust issues and fluid negotiation between the companies will likely result in an elongated timeline for any deal to close.
03/10/17
RHCO
03/10/17
NO CHANGE
RHCO
PPG likely to continue pursuit of AkzoNobel, says SunTrust
After AkzoNobel,(AKZOY) rejected a bid by PPG (PPG), SunTrust analyst James Sheehan says he expects PPG to continue pursuing the deal, given what he sees as the "strong strategic rationale" for the transaction. He says that PPG's valuation is attractive and he keeps a Buy rating on the stock.
03/15/17
ATLE
03/15/17
UPGRADE
Target $125
ATLE
Overweight
PPG upgraded to Overweight from Neutral at Atlantic Equities
Atlantic Equities analyst Colin Isaac upgraded PPG to Overweight and raised his price target for the shares to $125 from $110.
03/23/17
RBCM
03/23/17
NO CHANGE
RBCM
AkzoNobel could be acquired for EUR100 per share, says RBC Capital
After PPG (PPG) made a second, EUR 88 per share bid for Akzo Nobel (AKZOY) and the bid was rejected, RBC Capital analyst Arun Viswanathan says that a hypothetical EUR 100 per share bid is "a fair value and one Akzo might be more willing to accept." The analyst says that such a deal would be accretive for PPG if it was done in all cash.

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