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PPG

PPG

$98.22

0.07 (0.07%)

13:28
10/18/18
10/18
13:28
10/18/18
13:28

PPG sees currency lowering Q4 sales by $50M-$60M vs. last year, Bloomberg says

PPG, on its quarterly earnings conference call, said it expects raw material costs to be up in Q4 y/y at the low end of its MSD range, Bloomberg reports.

  • 18

    Oct

PPG PPG
$98.22

0.07 (0.07%)

10/12/18
KEYB
10/12/18
NO CHANGE
Target $119
KEYB
Overweight
PPG price target cut to $119 from $128 at KeyBanc
KeyBanc analyst Michael Sison reiterated an Overweight rating on PPG but cut his price target to $119 from $128. Additionally, the analyst reduced his Q3 EPS estimate by 22c to $1.42 and his 2018 EPS estimate by 45c to $5.80. In a research note to investors, the analyst says he believes volume growth has remained positive but is slowing "a bit" in Q4. Given the recent weakness in his KBCM Chemical Universe and a cautiously optimistic view on the Q3 earnings season, Sison says he sees good value in the chemical sector.
10/11/18
LOOP
10/11/18
NO CHANGE
Target $124
LOOP
Buy
Loop Capital says industry checks suggest Avery Dennison performing wells
Loop Capital analyst Chris Kapsch kept his Buy rating and $124 price target on Avery Dennison (AVY), saying industry checks indicate that the company is "poised to perform relatively well" in spite of the negative preannouncements from companies like Fuller (FUL), RPM (RPM), Trinseo (TSE), 3M (MMM), and PPG (PPG). Based on the indications of "strong" domestic demand and pricing running ahead of inflationary costs, the analyst recommends that investors take advantage of the weakness ahead of what he expects to be "another decent quarter".
10/10/18
SBSH
10/10/18
DOWNGRADE
Target $435
SBSH
Neutral
Citi downgrades Sherwin-Williams after 'tough' comments from peers
Citi analyst P.J. Juvekar downgraded Sherwin-Williams (SHW) to Neutral from Buy and lowered his price target for the shares to $435 from $492. "Tough" market comments from companies like H.B. Fuller (FUL), PPG (PPG) and RPM (RPL) suggest that coatings companies are likely to be challenged by rising raw materials costs and slowing growth in key end markets, including China, Juvekar tells investors in a research note. Despite a strong U.S. stores business, Sherwin-Williams is not immune to these risks, especially with Valspar's more cyclical industrial business and acquisition-related debt, the analyst contends.
10/10/18
MSCO
10/10/18
NO CHANGE
Target $102
MSCO
Equal Weight
Morgan Stanley cuts PPG estimates, but says Trian makes story 'more interesting'
After PPG (PPG) pre-announced Q3 and Q4 results that came in lower than Morgan Stanley's below-consensus forecast, analyst Vincent Andrews lowered his 2019 EPS estimate to $6.12 from $6.92 and said it would be below $6 without the benefit of $1.2B in assumed share repurchases during 2019. However, Trian's disclosure that it has built a 7M share stake "certainly makes the PPG story more interesting," given last year's failed approach of AkzoNobel (AKZOY) and the activist involvement at peers Akzo and RPM (RPM), Andrews tells investors. While he doesn't know what intentions Trian has in mind, his initial assessment is that Trian's focus will be on improving execution, most likely through a substantial cost restructuring program. Andrews, who added that "if nothing else comes out of all of this, we hope that PPG will begin to give annual earnings guidance," keeps an Equal Weight rating and $102 price target on PPG shares.

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CREE

Cree

$56.77

-0.14 (-0.25%)

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ON

ON Semiconductor

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GOOG

Alphabet

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CCI

Crown Castle

$124.05

-1.03 (-0.82%)

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Crown Castle put volume heavy and directionally bearish »

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FB

Facebook

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

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DJX

Dow Jones Industrial Average

$0.00

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S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$281.92

0.61 (0.22%)

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GNL

Global Net Lease

$18.38

-0.1 (-0.54%)

13:29
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NVRO

Nevro

$44.31

0.56 (1.28%)

13:27
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Conference/Events
Nevro management to meet with JMP Securities »

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  • 20

    Mar

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NVRO

Nevro

$44.15

0.4 (0.91%)

13:27
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  • 20

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APYX

Apyx Medical

$7.93

0.005 (0.06%)

13:25
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Conference/Events
Apyx Medical management to meet with JMP Securities »

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  • 21

    Mar

T

AT&T

$30.77

0.09 (0.29%)

13:24
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Kevin Tsujihara ousted as Warner Bros. CEO, CNBC reports »

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  • 20

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CXP

Columbia Property

$21.99

-0.13 (-0.59%)

13:21
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Conference/Events
Columbia Property management to meet with JMP Securities »

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  • 20

    Mar

BSX

Boston Scientific

$37.77

-2.38 (-5.93%)

13:20
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Options
Quarter million dollar block of calls sold to open in Boston Scientific »

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  • 18

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MIK

Michaels

$11.72

0.04 (0.34%)

, DSW

DSW

$25.05

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Michaels

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DSW

DSW

$25.05

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HDS

HD Supply

$42.88

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REGN

Regeneron

$408.15

-6.03 (-1.46%)

, DERM

Dermira

$12.46

5.63 (82.43%)

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REGN

Regeneron

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DERM

Dermira

$12.46

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  • 28

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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NYSE market internals summary »

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HBCP

Home Bancorp

$36.50

0.59 (1.64%)

13:14
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Home Bancorp CEO John Bordelon sells over $232K shares of company stock »

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ELAN

Elanco

$31.38

0.69 (2.25%)

13:14
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Elanco tells Bloomberg CEO not planing to sell shares at lockup »

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  • 09

    May

APEN

Apollo Endosurgery

$3.29

-0.06 (-1.79%)

13:13
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  • 18

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QQQ

Invesco QQQ Trust

$178.07

0.1542 (0.09%)

13:10
03/18/19
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Options
50K Invesco QQQ Jun 188 - 192 call spreads sold at 95c »

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CARS

Cars.com

$22.75

0.04 (0.18%)

13:05
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Options
Cars.com call volume above normal and directionally bullish »

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13:05
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General news
FOMC Forecast revisions »

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