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PPG

PPG

$120.64

3.25 (2.77%)

, TGT

Target

$83.37

0.65 (0.79%)

12:38
04/18/19
04/18
12:38
04/18/19
12:38

PPG names Target CFO to board of directors

PPG (PPG) announced at its annual meeting of shareholders that Cathy R. Smith, executive vice president and chief financial officer, Target Corporation (TGT), and Steven A. Davis, former chairman and chief executive officer, Bob Evans Farms, Inc., have been elected to join its board of directors, effective immediately. Smith will serve on the PPG board's Audit Committee, and Technology and Environment Committee. Davis will serve on the Nominating and Governance Committee, and the Technology and Environment Committee.

PPG

PPG

$120.64

3.25 (2.77%)

TGT

Target

$83.37

0.65 (0.79%)

  • 18

    Apr

  • 18

    Apr

PPG PPG
$120.64

3.25 (2.77%)

03/22/19
JPMS
03/22/19
DOWNGRADE
Target $106
JPMS
Underweight
PPG downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas downgraded PPG Industries to Underweight from Neutral with an unchanged price target of $106.
03/22/19
JPMS
03/22/19
DOWNGRADE
Target $106
JPMS
Underweight
JPMorgan downgrades PPG to Underweight, says company split unlikely
JPMorgan analyst Jeffrey Zekauskas downgraded PPG Industries to Underweight from Neutral with an unchanged price target of $106. PPG shares have been drifting higher in 2019 as the market continues to prefer higher quality and less cyclical materials companies to their more cyclical counterparts, Zekauskas tells investors in a research note. However, the analyst believes general economic business conditions are "arguably weaker than they have been because of decreased rates of economic growth in China and in Europe." He continues to think that an 11.5 times multiple of 2019 EBITDA represents fair value for PPG, which implies a $106 share price objective for 2019. Further, PPG is unlikely to split itself into two different coatings entities as Trian has suggested, Zekauskas contends.
03/22/19
03/22/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PPG (PPG) downgraded to Underweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying PPG shares have been drifting higher in 2019 as the market continues to prefer higher quality and less cyclical materials companies, however general economic business conditions are "arguably weaker than they have been because of decreased rates of economic growth in China and in Europe." 2. Sherwin-Williams (SHW) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. 3. Booking Holdings (BKNG) downgraded to Neutral from Outperform at Wedbush with analyst James Hardiman stating that he believes the company's dominant position in Europe will be favorable in the long term, but is likely to represent a liability in 2019 as it is could amplify risks of earnings revisions and multiple compression. 4. Biogen (BIIB) downgraded to Underweight from Overweight at Morgan Stanley with analyst Matthew Harrison citing the failure of two Alzheimer's disease trials and noting that his optimism on Alzheimer's was "completely wrong." 5. Lululemon (LULU) downgraded to Neutral from Outperform at Wedbush with analyst Jen Redding saying that while she continues to see lululemon as best in class among specialty retailers, she is moving to the sidelines in anticipation of potentially less margin upside ahead, based on insights from proprietary data products. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/19
KEYB
04/12/19
NO CHANGE
Target $125
KEYB
Overweight
PPG price target raised to $125 from $117 at KeyBanc
KeyBanc analyst Michael Sison reiterated an Overweight rating on PPG and raised his price target to $125, saying the company has good leverage to demand recovery and should begin to see benefits of higher pricing closing the raw material gap helping to offset negative foreign currency pressures and "sluggish" auto OEM and European demand.
TGT Target
$83.37

0.65 (0.79%)

03/20/19
EVER
03/20/19
INITIATION
Target $80
EVER
In Line
Target initiated with an In Line at Evercore ISI
Evercore ISI analyst Greg Melich initiated Target with an In Line rating and $80 base case price target, stating that in the upper $70s, the risk/reward appears balanced. He believes 2019 extends what will likely prove a multi-year margin investment cycle, Melich tells investors.
03/21/19
GDHS
03/21/19
UPGRADE
GDHS
Buy
Target upgraded to Buy from Accumulate at Gordon Haskett
03/21/19
GDHS
03/21/19
NO CHANGE
GDHS
Gordon Haskett shakes up retailer rankings with six upgrades, three downgrades
Gordon Haskett analysts Chuck Grom, John Park and Andrew Minora have recalibrated their ratings in broadline and hardline retail with the Q4 earnings season nearly complete, stating that holiday results were mixed with clear winners and losers and that year-to-date sales have been "extremely choppy." The firm's latest macro/consumer survey results suggest that some optimism has resurfaced and they see a scenario where there is a release of significant pent-up demand for the retail group. Within the context of a portfolio approach to the space, the analysts upgraded Target (TGT), Tractor Supply (TSCO), Dollar Tree (DLTR), BJ's Wholesale (BJ) to Buy from Accumulate, upgraded Wayfair (W) and Floor & Decor (FND) to Accumulate from Hold, and downgrade Nordstrom (JWN) and Sprouts Farmers Market (SFM) to Reduce from Hold. The analysts also downgraded Pier 1 Imports (PIR) to Underperform from Hold.
04/16/19
04/16/19
UPGRADE
Target $15

Buy
e.l.f. Beauty upgraded to Buy at DA Davidson on increased shelf space presence
As previously reported, DA Davidson analyst Linda Bolton Weiser upgraded e.l.f. Beauty to Buy from Hold and raised her price target to $15 from $7. The analyst cites the findings of her proprietary store checks suggesting that the company products have seen a 17% increase in shelf space at Target (TGT), overtaking Coty's (COTY) Covergirl brand, while its Q1 sales "inflected from down high-single digits" in Q4 to low-single digits. Weiser believes that her FY20 sales forecast of a 2% decline may be conservative based on these findings.

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$NSD

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$NYE

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EXPR

Express

$5.37

-0.26 (-4.62%)

11:15
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Express put volume heavy and directionally bearish »

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CSVI

Computer Services

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11:13
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Computer Services names Brian K. Brown as permament CFO »

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UBER

Uber

$28.60

-0.08 (-0.28%)

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  • 06

    Jan

SNAP

Snap

$14.78

0.33 (2.28%)

, REGN

Regeneron

$376.32

4.22 (1.13%)

11:08
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On The Fly
Snap upgrade, Sarepta target raises among today's top analyst actions »

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OIS

Oil States

$16.67

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PTEN

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$10.05

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SRPT

Sarepta

$133.84

33.45 (33.32%)

GILD

Gilead

$66.05

-1.59 (-2.35%)

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  • 06

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  • 23

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NUE

Nucor

$57.08

-1.03 (-1.77%)

11:05
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Nucor raises quarterly cash dividend to 40.25c per share »

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APHA

Aphria

$5.40

0.13 (2.47%)

11:05
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Aphria call volume above normal and directionally bullish »

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11:00
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GPS

Gap

$16.66

-0.36 (-2.12%)

10:55
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Gap put volume heavy and directionally bearish »

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10:55
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SPT

Sprout Social

$0.00

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  • 13

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$317.49

0.35 (0.11%)

10:47
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General news
U.S. Trade Representative says Phase One trade deal with China 'enforceable' »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$317.49

0.35 (0.11%)

03/08/13
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UNH

UnitedHealth

$286.83

3.03 (1.07%)

10:45
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Options
UnitedHealth call volume above normal and directionally bullish »

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ALG

Alamo Group

$117.70

0.51 (0.44%)

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ABT

Abbott

$86.48

0.5 (0.58%)

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EXPO

Exponent

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-0.62 (-0.94%)

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  • 18

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FLWS

1-800-Flowers.com

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  • 18

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FFIV

F5 Networks

$142.79

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SPPI

Spectrum

$8.89

0.21 (2.42%)

10:35
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Spectrum put volume heavy and directionally bearish »

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SRPT

Sarepta

$133.61

33.22 (33.09%)

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