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PPG

PPG

$106.37

-0.35 (-0.33%)

07:09
07/24/17
07/24
07:09
07/24/17
07:09

PPG downgraded on growth ,margin outlook at SunTrust

As noted earlier, SunTrust downgraded PPG to Hold from Buy. Following the company's Q2 results, analyst James Sheehan predicts that the company's EPS will increase just 4% this year due to input cost pressure and low coatings demand. He expects the stock to "remain range-bound" until the company's revenue and/or margins rebound.

PPG PPG
$106.37

-0.35 (-0.33%)

07/24/17
BOFA
07/24/17
DOWNGRADE
Target $115
BOFA
Neutral
PPG downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Steve Byrne downgraded PPG to neutral and retained its $115 price target citing sluggish fundamentals and limited near-term catalysts and sees better relative value elsewhere in the group. The analyst said Q2 organic growth was zero and is concerned about the impact from a deceleration in global auto production and said PPG's ability to pass through rising raw material costs is unclear.
07/24/17
RHCO
07/24/17
DOWNGRADE
RHCO
Hold
PPG downgraded to Hold from Buy at SunTrust
07/21/17
JPMS
07/21/17
NO CHANGE
Target $110
JPMS
Overweight
JPMorgan thinks PPG could make another go at AkzoNobel
PPG Industries (PPG) intended to move on its from acquisition interest in AkzoNobel (AKZOY) following the rejection of its overtures, but the resignation of Akzo's CEO Ton Buchner for health reasons "complicates" that decision, JPMorgan analyst Jeffrey Zekauskas tells investors in a research note. Buchner is strongly against the potential deal, as was Akzo's Chairman Antony Burgmans, who will no longer be Chairman as of May 2018, the analyst points out. Zekauskas believes the likelihood of a renewed acquisition effort from PPG is "larger than might be expected" given the lack of Akzo shareholder support for the Buchner/Bergmans opposition stance. The analyst views PPG shares as attractive given its free cash flow yield of 6%-7% as well as potential benefits from acquisitions. He keeps an Overweight rating on the name with a $110 price target. The coatings maker declined yesterday 6% to $106.72 after reporting Q2 results. Its CEO on the earnings call said the company is putting AkzoNobel in the rear-view mirror.
07/17/17
FBCO
07/17/17
NO CHANGE
Target $114
FBCO
Outperform
PPG price target raised to $114 from $109 at Credit Suisse
Credit Suisse analyst Christopher Parkinson raised his price target for PPG to $114 from $109 on valuation. The analyst reiterates an Outperform rating on the shares.

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Getty Realty

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Mallinckrodt

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SFIX

Stitch Fix

$23.98

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WEB

Web.com

$23.00

1.2 (5.50%)

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SNPS

Synopsys

$89.56

-0.95 (-1.05%)

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SSNC

SS&C

$41.38

0.75 (1.85%)

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NOW

ServiceNow

$123.09

1.28 (1.05%)

05:08
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RNG

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$47.55

-0.75 (-1.55%)

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QTWO

Q2 Holdings

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-0.1 (-0.25%)

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QLYS

Qualys

$59.00

0.55 (0.94%)

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PTC

PTC

$61.44

-0.26 (-0.42%)

05:06
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NEWR

New Relic

$60.00

2.77 (4.84%)

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TYPE

Monotype Imaging

$24.40

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MODN

Model N

$16.00

0.05 (0.31%)

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MIME

Mimecast

$28.02

-0.72 (-2.51%)

05:04
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IMPV

Imperva

$41.85

0.3 (0.72%)

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GDDY

GoDaddy

$48.95

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FTNT

Fortinet

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0.27 (0.64%)

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CSGP

CoStar Group

$290.50

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CHKP

Check Point

$105.85

1.07 (1.02%)

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CUDA

Barracuda

$27.61

0.08 (0.29%)

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ADBE

Adobe

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0.74 (0.43%)

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  • 14

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SAIL

SailPoint Technologies

$14.83

-0.61 (-3.95%)

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ELGX

Endologix

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