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PPG

PPG

$99.03

0.88 (0.90%)

07:04
10/19/18
10/19
07:04
10/19/18
07:04

JPMorgan upgrades PPG to Overweight with business prospects bottoming

JPMorgan analyst Jeffrey Zekauskas upgraded PPG Industries to Overweight from Neutral and raised his price target for the shares to $105 from $103. The company's business prospects, exclusive of a recessionary environment, "are probably touching bottom now," Zekauskas tells investors in a research note. Raw material costs are no longer rising, the analyst says, and he does not expect further near-term upward movement in propylene or in titanium dioxide raw material prices. Further, while the rate of price improvement in paints and coatings products "remains slow," it may accelerate, Zekauskas tells investors in a research note.

PPG PPG
$99.03

0.88 (0.90%)

10/19/18
JPMS
10/19/18
UPGRADE
Target $105
JPMS
Overweight
PPG upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded PPG Industries to Overweight and raised his price target for the shares to $105 from $103.
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.

TODAY'S FREE FLY STORIES

IRWD

Ironwood

$11.96

0.32 (2.75%)

06:01
11/19/18
11/19
06:01
11/19/18
06:01
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Ironwood analyst commentary  »

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06:00
11/19/18
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06:00
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06:00
General news
FX Action: USD-JPY has retained a heavy tone »

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YETI

Yeti

$16.99

0.1 (0.59%)

05:59
11/19/18
11/19
05:59
11/19/18
05:59
Initiation
Yeti initiated  »

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  • 29

    Nov

RHHBY

Roche

$0.00

(0.00%)

05:57
11/19/18
11/19
05:57
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05:57
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Roche rating change  »

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NVS

Novartis

$87.74

0.52 (0.60%)

05:56
11/19/18
11/19
05:56
11/19/18
05:56
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Novartis rating change  »

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  • 02

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TI

Telecom Italia

$6.02

0.12 (2.03%)

05:53
11/19/18
11/19
05:53
11/19/18
05:53
Hot Stocks
Telecom Italia appoints Luigi Gubitosi as CEO »

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STNE

StoneCo

$25.31

0.69 (2.80%)

05:51
11/19/18
11/19
05:51
11/19/18
05:51
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  • 26

    Nov

AZN

AstraZeneca

$40.67

-0.685 (-1.66%)

05:51
11/19/18
11/19
05:51
11/19/18
05:51
Downgrade
AstraZeneca rating change  »

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  • 02

    Dec

  • 03

    Dec

JPDYY

Japan Display

$0.00

(0.00%)

05:49
11/19/18
11/19
05:49
11/19/18
05:49
Downgrade
Japan Display rating change  »

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RTRX

Retrophin

$25.17

0.44 (1.78%)

05:46
11/19/18
11/19
05:46
11/19/18
05:46
Initiation
Retrophin initiated  »

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  • 30

    Jun

YETI

Yeti

$16.99

0.1 (0.59%)

05:43
11/19/18
11/19
05:43
11/19/18
05:43
Initiation
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  • 29

    Nov

EOLS

Evolus

$14.75

0.06 (0.41%)

05:40
11/19/18
11/19
05:40
11/19/18
05:40
Hot Stocks
Evolus announces conditional acceptance from FDA for Jeuveau brand name »

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  • 02

    Feb

MNK

Mallinckrodt

$30.85

-0.58 (-1.85%)

05:39
11/19/18
11/19
05:39
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05:39
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Mallinckrodt rating change  »

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  • 02

    Dec

CPAC

Cementos Pacasmayo

$9.98

(0.00%)

05:38
11/19/18
11/19
05:38
11/19/18
05:38
Upgrade
Cementos Pacasmayo rating change  »

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VKTX

Viking Therapeutics

$11.65

0.27 (2.37%)

05:38
11/19/18
11/19
05:38
11/19/18
05:38
Upgrade
Viking Therapeutics rating change  »

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JD

JD.com

$23.04

-1.18 (-4.87%)

05:37
11/19/18
11/19
05:37
11/19/18
05:37
Earnings
Breaking Earnings news story on JD.com »

JD.com sees Q4 revenue…

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  • 19

    Nov

MDGL

Madrigal Pharmaceuticals

$129.47

-3.36 (-2.53%)

05:36
11/19/18
11/19
05:36
11/19/18
05:36
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Madrigal Pharmaceuticals rating change  »

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  • 20

    Nov

JD

JD.com

$23.04

-1.18 (-4.87%)

05:35
11/19/18
11/19
05:35
11/19/18
05:35
Earnings
JD.com reports Q3 EPS 15c, consensus 10c »

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  • 19

    Nov

AMH

American Homes 4 Rent

$19.83

-0.04 (-0.20%)

05:35
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05:35
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American Homes 4 Rent rating change  »

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BB

BlackBerry

$8.97

0.12 (1.36%)

05:35
11/19/18
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05:35
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RMAX

RE/MAX Holdings

$30.26

-0.23 (-0.75%)

05:34
11/19/18
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05:34
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RE/MAX Holdings rating change  »

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  • 11

    Dec

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    Dec

RNG

RingCentral

$76.41

-0.54 (-0.70%)

05:34
11/19/18
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05:34
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05:34
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AMTD

TD Ameritrade

05:33
11/19/18
11/19
05:33
11/19/18
05:33
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TD Ameritrade rating change  »

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SCHW

Charles Schwab

$46.97

-0.35 (-0.74%)

05:33
11/19/18
11/19
05:33
11/19/18
05:33
Downgrade
Charles Schwab rating change  »

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NSANY

Nissan

$0.00

(0.00%)

05:32
11/19/18
11/19
05:32
11/19/18
05:32
Hot Stocks
Nissan finds 'significant acts of misconduct' by Representative Director »

Nissan said in a…

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