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PPG

PPG

$106.75

4.17 (4.07%)

14:06
01/17/19
01/17
14:06
01/17/19
14:06

PPG sees FX unfavorably affecting sales by $400M-$500M in 2019

PPG said in prepared remarks ahead of its Q4 conference call that, throughout 2018, a variety of major foreign currencies continued to weaken versus the U.S. dollar, accelerating in the second half of the year. As a result, based on recent exchange rates, the company expects that year-over-year foreign currency translation will unfavorably impact sales by $400 -to- $500 million, and pre-tax income by about $50 -to- $70 million, with significantly higher unfavorable impacts in the first half 2019 due to the timing of the underlying 2018 currency decreases. The company generally purchases raw materials, incurs manufacturing costs and sells finished products in the same currency, so it does not typically incur significant foreign currency related transaction impacts.

  • 17

    Jan

PPG PPG
$106.75

4.17 (4.07%)

12/20/18
RBCM
12/20/18
UPGRADE
Target $121
RBCM
Outperform
PPG upgraded to Outperform at RBC Capital on lower oil and TiO2 prices
As reported earlier, RBC Capital analyst Arun Viswanathan upgraded PPG Industries to Outperform from Sector Perform and raised his price target to $121 from $105. The analyst cites the potential tailwind coming from more favorable pricing in raw materials like oil and titanium dioxide. Viswanathan is also positive on the involvement of activist investor Trian in the PPG stock.
12/20/18
12/20/18
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Humana (HUM) upgraded to Overweight from Neutral at JPMorgan with analyst Gary Taylor saying the upgrade reflects the "significant" recent pullback in the shares, Humana's accelerating market share gains, its "attractive" Medicare Advantage exposure, and "conservative" balance sheet. 2. Ericsson (ERIC) upgraded to Market Perform from Underperform at Raymond James. 3. Patterson-UTI (PTEN) and Halliburton (HAL) were upgraded to Buy from Hold at Societe Generale. 4. PPG (PPG) upgraded to Outperform from Sector Perform at RBC Capital with analyst Arun Viswanathan citing the potential tailwind coming from more favorable pricing in raw materials like oil and titanium dioxide. 5. Synovus (SNV) upgraded to Outperform from Neutral at Baird with analyst Garrett Holland saying core trends should remain solid with better relative loan growth, rising capital return and further efficiency improvement. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/15/19
SBSH
01/15/19
NO CHANGE
SBSH
PPG could face same issues as Sherwin-Williams, says Citi
Citi analyst P.J. Juvekar says Sherwin-Williams' (SHW) Q4 warning this morning has a negative read-through to PPG (PPG), which is the second largest specialty paint store chain in the U.S. with 900 stores, compared to 4,200 for Sherwin. PPG could also be impacted by any destocking actions in big-box stores, as well as Sherwin's comments that some industrial end markets have slowed, Juvekar tells investors in a research note. The analyst points out that Axalta Coating (AXTA) has no exposure to architectural paint and already reconfirmed its financial guidance for 2018 in late December.
01/17/19
BARD
01/17/19
NO CHANGE
Target $115
BARD
Outperform
PPG guidance could weigh on shares, says Baird
Baird analyst Ghansham Panjabi noted PPG posted a modest beat for Q4 as the company continues to execute on margin recovery across its portfolio. He said a weaker macroeconomic backdrop, especially in Auto OEM, is likely weighing on the near-term outlook, with the implied acceleration in earnings throughout 2019 the overwhelming conference call focus. Panjabi reiterated his Outperform rating and $115 price target on PPG shares.

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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MUFG

Mitsubishi UFJ

$5.27

-0.02 (-0.38%)

14:15
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OCC issues cease and desist order against MUFG Bank over BSA violation »

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  • 04

    Mar

XOG

Extraction Oil & Gas

$4.64

0.83 (21.78%)

14:13
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FXI

iShares China Large-Cap ETF

$44.14

0.73 (1.68%)

14:10
02/22/19
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Options
Size option spreads in iShares China Fund as the trade-hope rally continues »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$278.82

1.39 (0.50%)

14:09
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Periodicals
China, U.S. remain far apart on intellectual property transfer, CNBC reports »

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S&P 500

$0.00

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CTRN

Citi Trends

$20.69

0.28 (1.37%)

14:06
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Initiation
Citi Trends initiated  »

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    Mar

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$278.82

1.39 (0.50%)

14:04
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14:04
Periodicals
Breaking Periodicals news story on S&P 500, SPDR S&P 500 ETF Trust »

China agrees to buy $1.2…

SPX

S&P 500

$0.00

(0.00%)

SPY

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$278.82

1.39 (0.50%)

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CNK

Cinemark

$38.52

1.58 (4.28%)

14:04
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14:04
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  • 22

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    Apr

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    Apr

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$278.82

1.39 (0.50%)

14:04
02/22/19
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14:04
02/22/19
14:04
Periodicals
Breaking Periodicals news story on S&P 500, SPDR S&P 500 ETF Trust »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$278.82

1.39 (0.50%)

03/08/13
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QCOM

Qualcomm

$52.93

0.58 (1.11%)

14:00
02/22/19
02/22
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02/22/19
14:00
Options
Qualcomm calls lead puts 4:1 »

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  • 25

    Feb

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    Mar

NVS

Novartis

$90.83

0.32 (0.35%)

, BIIB

Biogen

$324.70

3.71 (1.16%)

13:58
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02/22
13:58
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13:58
Periodicals
Novartis SMA therapy Zolgensma cost effective at up to $900,000, Reuters reports »

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NVS

Novartis

$90.83

0.32 (0.35%)

BIIB

Biogen

$324.70

3.71 (1.16%)

03/08/13
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03/06/13
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  • 22

    Feb

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    Mar

  • 19

    Mar

  • 28

    May

BRQS

Borqs Technologies

$4.00

(0.00%)

13:48
02/22/19
02/22
13:48
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13:48
Hot Stocks
Breaking Hot Stocks news story on Borqs Technologies »

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BRQS

Borqs Technologies

$4.00

(0.00%)

13:43
02/22/19
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13:43
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13:43
Hot Stocks
Breaking Hot Stocks news story on Borqs Technologies »

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SPY

SPDR S&P 500 ETF Trust

$278.85

1.42 (0.51%)

, XLF

Financial Select Sector

$26.44

-0.07 (-0.26%)

13:41
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On The Fly: ETF fund flow highlights »

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SPY

SPDR S&P 500 ETF Trust

$278.85

1.42 (0.51%)

XLF

Financial Select Sector

$26.44

-0.07 (-0.26%)

XLB

S&P Select Materials SPDR

$55.79

0.25 (0.45%)

BSV

Vanguard Short-Term Bond Index Fund

$78.99

0.11 (0.14%)

BIV

Vanguard Intermediate-Term Bond ETF

$82.51

0.285 (0.35%)

BLV

Vanguard Long-Term Bond ETF

$89.00

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IEF

iShares 7-10 Year Treasury Bond ETF

$104.65

0.35 (0.34%)

QQQ

Invesco QQQ Trust

$172.67

1.06 (0.62%)

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FB

Facebook

$162.16

2.09 (1.31%)

13:40
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NY Governor asks for probe of Facebook use of personal info, Bloomberg says »

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  • 25

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WEX

Wex

$176.23

5.88 (3.45%)

13:33
02/22/19
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13:33
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13:33
Earnings
Wex sees 2019 adjusted EPS $8.80-$9.20, consensus $8.94 »

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  • 25

    Feb

WEX

Wex

$176.23

5.88 (3.45%)

13:32
02/22/19
02/22
13:32
02/22/19
13:32
Earnings
Wex reported preliminary 2018 adjusted EPS $8.18, consensus $8.18 »

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  • 25

    Feb

WEX

Wex

$176.24

5.89 (3.46%)

13:29
02/22/19
02/22
13:29
02/22/19
13:29
Hot Stocks
Wex delays earnings on up to $70M Brazilian subsidiary discrepancy »

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  • 25

    Feb

WEX

Wex

$176.53

6.18 (3.63%)

13:26
02/22/19
02/22
13:26
02/22/19
13:26
Periodicals
Wex CEO tells Bloomberg business 'incredibly healthy' despite Brazil issue »

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  • 25

    Feb

XRX

Xerox

13:20
02/22/19
02/22
13:20
02/22/19
13:20
Downgrade
Xerox rating change  »

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UAL

United Continental

$89.55

0.75 (0.84%)

13:20
02/22/19
02/22
13:20
02/22/19
13:20
Downgrade
United Continental rating change  »

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  • 04

    Mar

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$278.89

1.46 (0.53%)

13:20
02/22/19
02/22
13:20
02/22/19
13:20
Periodicals
U.S, China disusing late March summit between Xi and Trump, CNBC reports »

U.S. and China are…

SPX

S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$278.89

1.46 (0.53%)

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SKX

Skechers

$33.90

0.29 (0.86%)

13:20
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02/22
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13:20
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Skechers rating change  »

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  • 06

    Mar

DXCM

DexCom

$139.14

-7.14 (-4.88%)

13:17
02/22/19
02/22
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13:17
Hot Stocks
DexCom receives Health Canada approval for G6 CGM System »

Dexcom announced that the…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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02/22
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

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