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PPG

PPG

$106.02

1.63 (1.56%)

05:14
07/25/18
07/25
05:14
07/25/18
05:14

PPG upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs analyst Robert Koort upgraded PPG Industries to Buy and raised his price target for the shares to $126 from $113. The company's "depressed" share price, "attractive" valuation and lowest sell-side support in over six years "presents an excellent entry point for investors," Koort tells investors in a research note. The analyst sees the potential for PPG's gross margins to "reverse course" in the year ahead, which he believes sets up for a "positive earnings revision bias" to help restore confidence in the shares. He believes consensus estimates are now too low.

PPG PPG
$106.02

1.63 (1.56%)

05/16/18
SBSH
05/16/18
NO CHANGE
SBSH
Citi calls Axalta, Celanese top takeout candidates in Chemicals
While takeovers in the Chemicals space could slow after unprecedented consolidation in 2015-2017, Axalta Coating (AXTA) and Celanese (CE) represent the top buyout candidates in the U.S., Citi P.J. Juvekar tells investors in a research note. Top potential acquirers include Air Products (APD), PPG (PPG) and Albemarle (ALB), the analyst adds.
05/16/18
05/16/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 3M (MMM) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying he sees less room for multiple expansion in a rising interest rate environment and feels the risk/reward "looks increasingly challenging at this point." 2. Vipshop (VIPS) downgraded to Sector Weight from Overweight at KeyBanc with analyst Hans Chung saying he sees uncertainties around Tencent (TCEHY) and JD.com (JD) contributions ahead, which drove high expectations for the top-line growth and multiple expansion, and sees margin pressure likely to continue driven by sector competition and the company's hike in marketing expenses to grow new customer organically. 3. PPG (PPG) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying persistent concerns over pricing lagging higher oil-derived raw material costs, end market risk and the reliance on buybacks to protect earnings growth could "easily" move PPG's relative multiple to 10%-15% below the market over the next two years. 4. BT Group (BT) downgraded to Market Perform from Outperform at Bernstein. 5. F5 Networks (FFIV) downgraded to Neutral from Buy at DA Davidson with analyst Mark Kelleher saying the positive factors working in the company's favor, such as its ongoing new iSeries product cycle, high gross margins, strong cash flows, and the application of it security solutions have become increasingly more evident after its last earnings report and have since been reflected in the valuation on the stock. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/18
BMOC
05/17/18
NO CHANGE
Target $116
BMOC
Market Perform
PPG price target lowered to $116 from $123 at BMO Capital
BMO Capital analyst John McNulty lowered his price target on PPG to $116 and also lowered his FY18 EPS view to $6.37 from $6.39, citing the impact of higher raw material inflation due to higher crude-linked inputs. The analyst also keeps his Market Perform rating, but says his recent visit to a PPG Coatings Services facility gave him a better understanding of the opportunity for the company's Services business, which the analyst believes can grow market share and scale.
07/05/18
LBOW
07/05/18
NO CHANGE
LBOW
Buy
U.S. paint demand seeing modest deceleration in Q2, says Longbow
Longbow analyst Dmitry Silversteyn said his checks indicate that the domestic paint market is seeing a modest deceleration in demand to low-single digit levels in Q2, which may make it more difficult for PPG (PPG) and Sherwin-Williams (SHW) to beat expectations. However, Silversteyn maintains Buy ratings on both PPG and Sherwin-Williams shares.

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ATEX

Anterix

$46.95

-0.66 (-1.39%)

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TNXP

Tonix Pharmaceuticals

$0.57

-0.4087 (-41.75%)

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HTHT

Huazhu Group

$34.88

0.23 (0.66%)

21:05
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Huazhu Group sees Q2 revenue growth of 13%-15% »

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PS

Pluralsight

$30.66

-0.71 (-2.26%)

20:58
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Pluralsight initiated at KeyBanc »

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TWOU

2U

$38.60

-0.34 (-0.87%)

20:57
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BVN

Buenaventura

$16.31

-0.03 (-0.18%)

20:36
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20:36
Hot Stocks
Buenaventura reports Q2 Orcopampa gold production 10.7K oz vs. 5.9K in Q1 »

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HOPE

Hope Bancorp

$13.96

0.2 (1.45%)

20:33
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Hope Bancorp authorizes $50M stock repurchase program »

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20:25
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Conference/Events
CLSA Asian tech analyst team to hold an analyst/industry conference call »

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BAC

Bank of America

$28.99

-0.23 (-0.79%)

, ABT

Abbott

$83.11

-0.69 (-0.82%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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BAC

Bank of America

$28.99

-0.23 (-0.79%)

ABT

Abbott

$83.11

-0.69 (-0.82%)

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

PNC

PNC Financial

$138.66

-1.52 (-1.08%)

PGR

Progressive

$84.11

0.105 (0.12%)

BK

BNY Mellon

$43.13

-0.02 (-0.05%)

OMC

Omnicom

$84.08

0.065 (0.08%)

TXT

Textron

$54.02

0.59 (1.10%)

CMA

Comerica

$71.75

0.39 (0.55%)

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SCGLY

Societe Generale

$0.00

(0.00%)

20:08
07/16/19
07/16
20:08
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20:08
Upgrade
Societe Generale rating change at JPMorgan »

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SPY

SPDR S&P 500 ETF Trust

$299.75

-1.03 (-0.34%)

, SPX

S&P 500

$0.00

(0.00%)

20:06
07/16/19
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20:06
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20:06
Periodicals
SF Fed President Daly not leaning in either direction on rates, Reuters says »

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SPY

SPDR S&P 500 ETF Trust

$299.75

-1.03 (-0.34%)

SPX

S&P 500

$0.00

(0.00%)

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WAFD

Washington Federal

$34.63

0.02 (0.06%)

20:02
07/16/19
07/16
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Earnings
Washington Federal reports Q3 EPS 67c, consensus 64c »

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PAGS

PagSeguro Digital

$44.72

0.755 (1.72%)

19:16
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Initiation
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SGEN

Seattle Genetics

$63.12

-0.87 (-1.36%)

, CTAS

Cintas

$239.46

-3.85 (-1.58%)

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SGEN

Seattle Genetics

$63.12

-0.87 (-1.36%)

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Cintas

$239.46

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UAL

United Continental

$94.00

2.7 (2.96%)

QCOM

Qualcomm

$75.66

0.23 (0.30%)

NUS

Nu Skin

$45.50

1.44 (3.27%)

SENS

Senseonics

$1.68

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CSX

CSX

$79.57

1.05 (1.34%)

IBKR

Interactive Brokers

$50.72

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INO

Inovio

$3.00

0.05 (1.69%)

TELL

Tellurian

$7.68

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WB

Weibo

$41.57

-1.47 (-3.42%)

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NVLN

Novelion Therapeutics

$0.71

-0.0054 (-0.75%)

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DLGNF

Dialog Semiconductor

$0.00

(0.00%)

18:41
07/16/19
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Earnings
Dialog Semiconductor raises Q2 revenue view to $482M »

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BHP

BHP Group

$57.59

-0.27 (-0.47%)

18:39
07/16/19
07/16
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Hot Stocks
BHP Group reports Q4 iron ore output 63MT, down 2% from last year »

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  • 16

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DPZ

Domino's Pizza

$246.55

-23.42 (-8.68%)

18:33
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Domino's Pizza CEO: We are in a position of strength »

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UBER

Uber

$44.13

-0.38 (-0.85%)

18:18
07/16/19
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Uber rolls out ride-hailing services in Hamburg, Germany, Reuters says »

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  • 08

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LFUS

Littelfuse

$168.35

-2.05 (-1.20%)

18:03
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Earnings
Littelfuse reports preliminary Q2 EPS $1.91, consensus $2.03 »

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S

Sprint

$7.23

0.12 (1.69%)

, SSNLF

Samsung

$0.00

(0.00%)

17:51
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Sprint says hackers broke into user accounts via Samsung site, ZDNet says »

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S

Sprint

$7.23

0.12 (1.69%)

SSNLF

Samsung

$0.00

(0.00%)

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  • 08

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SGEN

Seattle Genetics

$63.12

-0.87 (-1.36%)

17:50
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Hot Stocks
Seattle Genetics up 8% to $68.20 after Q2 results »

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