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PPG

PPG

$106.37

1.37 (1.30%)

, AKZOY

AkzoNobel

$28.07

0.16 (0.57%)

07:54
04/21/17
04/21
07:54
04/21/17
07:54

PPG would be worth over $130/share with Akzo deal, says JPMorgan

JPMorgan analyst Jeffrey Zekauskas believes PPG Industries (PPG) will bid higher for AkzoNobel (AKZOY) given the accretion potential of the deal. A bid above EUR 90 per share will likely prove attractive to the Akzo shareholder, Zekauskas tells investors in a research note. The analyst believes PPG would be worth in excess of $130 per share following a takeover of Akzo. He continues to view PPG as a good long-term investment and keeps an Overweight rating on the shares with a $110 price target.

PPG

PPG

$106.37

1.37 (1.30%)

AKZOY

AkzoNobel

$28.07

0.16 (0.57%)

PPG PPG
$106.37

1.37 (1.30%)

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.
04/21/17
FBCO
04/21/17
NO CHANGE
Target $109
FBCO
Outperform
PPG price target raised to $109 from $104 at Credit Suisse
Credit Suisse analyst Christopher Parkinson raised his price target for PPG (PPG) to $109 from $104 after the company posted a "solid" Q1 performance. While Q2 will still present challenges from raw material inflation and key markets remain sluggish, the analyst feels the prospect of an AkzoNobel (AKZOY) deal will keep relative performance moving in the right direction. He reiterates an Outperform rating on PPG's shares.
AKZOY AkzoNobel
$28.07

0.16 (0.57%)

03/14/17
BOFA
03/14/17
UPGRADE
BOFA
Neutral
AkzoNobel upgraded to Neutral from Underperform at BofA/Merrill

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