Breaking News

Tuesday
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Upgrade
Fly Intel: Top five analyst upgrades » 10:03
06/30/20
06/30
10:03
06/30/20
10:03
WBK

Westpac

$12.42 /

+0.1 (+0.81%)

, CROX

Crocs

$36.03 /

+0.98 (+2.80%)

, PPG

PPG

$104.79 /

+0.85 (+0.82%)

, AWI

Armstrong World

$75.36 /

+1.12 (+1.51%)

, TOL

Toll Brothers

$31.28 /

-0.12 (-0.38%)

, ACRE

Ares Commercial

$9.07 /

+0.11 (+1.23%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Westpac (WBK) upgraded to Buy from Neutral at Goldman Sachs with analyst Andrew Lyons saying the company look well placed to deal with the end of the deferral period and is trading nearly two-third standard deviations cheap versus peers. 2. Crocs (CROX) upgraded to Buy from Hold at Loop Capital with analyst Laura Champine citing her industry checks showing strong e-commerce trends and stores reopening with positive comps, even though Champine warns that her model assumes that most stores will remain open against the risk of a second pandemic wave closing the economy again. 3. PPG (PPG) upgraded to Outperform from Market Perform at BMO Capital with analyst John McNulty saying recent time with management and data tied to the company's end markets indicate the potential for PPG's earnings to recover over the second half of 2020, and 2021/22 should come in above expectations. 4. Armstrong World (AWI) upgraded to Outperform from Neutral at Exane BNP Paribas. 5. Toll Brothers (TOL) and Ares Commercial (ACRE) were upgraded to Outperform from Market Perform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

ShowHide Related Items >><<
TOL Toll Brothers
$31.28 /

-0.12 (-0.38%)

PPG PPG
$104.79 /

+0.85 (+0.82%)

CROX Crocs
$36.03 /

+0.98 (+2.80%)

AWI Armstrong World
$75.36 /

+1.12 (+1.51%)

ACRE Ares Commercial
$9.07 /

+0.11 (+1.23%)

WBK Westpac
$12.42 /

+0.1 (+0.81%)

06/30/20 Goldman Sachs
Westpac upgraded to Buy from Neutral at Goldman Sachs
06/05/20
Fly Intel: Top five analyst upgrades
06/04/20 UBS
Westpac upgraded to Buy from Neutral at UBS
06/01/20 Jefferies
Westpac downgraded to Underperform from Hold at Jefferies
CROX Crocs
$36.03 /

+0.98 (+2.80%)

06/30/20 Loop Capital
Crocs upgraded to Buy from Hold at Loop Capital
06/30/20 Piper Sandler
Piper remains buyer of Crocs after Texas store visits
06/30/20 Loop Capital
Crocs upgraded to Buy from Hold at Loop Capital
06/08/20 Monness Crespi
Crocs price target raised to $40 from $30 at Monness Crespi
PPG PPG
$104.79 /

+0.85 (+0.82%)

06/30/20 BMO Capital
PPG upgraded to Outperform from Market Perform at BMO Capital
06/26/20 Deutsche Bank
PPG price target raised to $115 from $108 at Deutsche Bank
06/09/20 BMO Capital
PPG price target raised to $121 from $98 at BMO Capital
06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
AWI Armstrong World
$75.36 /

+1.12 (+1.51%)

06/30/20 Exane BNP Paribas
Armstrong World upgraded to Outperform from Neutral at Exane BNP Paribas
06/18/20 Zelman
Armstrong World added to Top Idea Basket as a Sell at Zelman
05/27/20 Credit Suisse
Armstrong World initiated with an Outperform at Credit Suisse
04/28/20 SunTrust
Armstrong World price target lowered to $95 from $100 at SunTrust
TOL Toll Brothers
$31.28 /

-0.12 (-0.38%)

06/29/20 Keefe Bruyette
Keefe Bruyette upgrades 'undervalued' Toll Brothers to Outperform
06/29/20 Keefe Bruyette
Toll Brothers upgraded to Outperform from Market Perform at Keefe Bruyette
06/15/20 Citi
Toll Brothers price target raised to $34 from $33 at Citi
06/05/20 Evercore ISI
Toll Brothers upgraded to Outperform from In Line at Evercore ISI
ACRE Ares Commercial
$9.07 /

+0.11 (+1.23%)

06/29/20 Keefe Bruyette
Keefe Bruyette upgrades Ares Commercial to Outperform, likes 14.8% yield
06/29/20 Keefe Bruyette
Ares Commercial upgraded to Outperform from Market Perform at Keefe Bruyette
04/27/20 Credit Suisse
Ares Commercial price target lowered to $9 from $17.50 at Credit Suisse
01/08/20 Credit Suisse
Credit Suisse upgrades Ares Commercial to Outperform on capital raising ability
TOL Toll Brothers
$31.28 /

-0.12 (-0.38%)

PPG PPG
$104.79 /

+0.85 (+0.82%)

CROX Crocs
$36.03 /

+0.98 (+2.80%)

AWI Armstrong World
$75.36 /

+1.12 (+1.51%)

ACRE Ares Commercial
$9.07 /

+0.11 (+1.23%)

  • 23
    Jan
  • 31
    Oct
PPG PPG
$104.79 /

+0.85 (+0.82%)

TOL Toll Brothers
$31.28 /

-0.12 (-0.38%)

CROX Crocs
$36.03 /

+0.98 (+2.80%)

CROX Crocs
$36.03 /

+0.98 (+2.80%)

Upgrade
PPG upgraded to Outperform from Market Perform at BMO Capital » 04:47
06/30/20
06/30
04:47
06/30/20
04:47
PPG

PPG

$103.94 /

+1.81 (+1.77%)

BMO Capital analyst John…

BMO Capital analyst John McNulty upgraded PPG Industries to Outperform from Market Perform with a price target of $125, up from $121. Recent time with management and data tied to the company's end markets indicate the potential for PPG's earnings to recover over the second half of 2020, and 2021/22 should come in above expectations, McNulty tells investors in a research note. Further, PPG offers some of the "greatest balance sheet strength and cash flows of any name in the space," which will provide downside protection in case of a resurgence in COVID-19, adds the analyst.

ShowHide Related Items >><<
PPG PPG
$103.94 /

+1.81 (+1.77%)

PPG PPG
$103.94 /

+1.81 (+1.77%)

06/26/20 Deutsche Bank
PPG price target raised to $115 from $108 at Deutsche Bank
06/09/20 BMO Capital
PPG price target raised to $121 from $98 at BMO Capital
06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
PPG PPG
$103.94 /

+1.81 (+1.77%)

PPG PPG
$103.94 /

+1.81 (+1.77%)

Over a week ago
Recommendations
PPG price target raised to $115 from $108 at Deutsche Bank » 07:33
06/26/20
06/26
07:33
06/26/20
07:33
PPG

PPG

$102.78 /

+0.71 (+0.70%)

Deutsche Bank analyst…

Deutsche Bank analyst David Begleiter raised the firm's price target on PPG Industries to $115 from $108 and keeps a Buy rating on the shares. To reflect better demand for the quarter, the analyst increased his "Street low" Q2 earnings per share estimate for PPG by 13c to 65c.

ShowHide Related Items >><<
PPG PPG
$102.78 /

+0.71 (+0.70%)

PPG PPG
$102.78 /

+0.71 (+0.70%)

06/09/20 BMO Capital
PPG price target raised to $121 from $98 at BMO Capital
06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
PPG PPG
$102.78 /

+0.71 (+0.70%)

PPG PPG
$102.78 /

+0.71 (+0.70%)

Recommendations
PPG price target raised to $121 from $98 at BMO Capital » 09:24
06/09/20
06/09
09:24
06/09/20
09:24
PPG

PPG

$113.43 /

-0.51 (-0.45%)

BMO Capital analyst John…

BMO Capital analyst John McNulty raised the firm's price target on PPG to $121 from $98 and keeps a Market Perform rating on the shares after the company's announcement on cost-savings. The analyst is positive on the company's efforts to ensure that it can bridge the depths of the recession with returning to high-teens EBITDA margins or better upon exiting this period. McNulty raises his FY20 EPS view by 11c to $4.00 to reflect the cost cuts and the improving macro backdrop.

ShowHide Related Items >><<
PPG PPG
$113.43 /

-0.51 (-0.45%)

PPG PPG
$113.43 /

-0.51 (-0.45%)

06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
PPG PPG
$113.43 /

-0.51 (-0.45%)

PPG PPG
$113.43 /

-0.51 (-0.45%)

Conference/Events
PPG participates in a conference call with JPMorgan » 09:59
06/08/20
06/08
09:59
06/08/20
09:59
PPG

PPG

$116.09 /

+2.15 (+1.89%)

Chemicals Analyst…

Chemicals Analyst Zekauskas holds a conference call with CFO Morales on June 8 at 11 am hosted by JPMorgan.

ShowHide Related Items >><<
PPG PPG
$116.09 /

+2.15 (+1.89%)

PPG PPG
$116.09 /

+2.15 (+1.89%)

06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
PPG PPG
$116.09 /

+2.15 (+1.89%)

PPG PPG
$116.09 /

+2.15 (+1.89%)

Hot Stocks
PPG says April sales volumes down approximately 35% y/y » 06:29
06/08/20
06/08
06:29
06/08/20
06:29
PPG

PPG

$113.94 /

+3 (+2.70%)

While the COVID-19…

While the COVID-19 pandemic continues to effect business demand, the aggregate impact and pace of recovery is consistent with the company's expectations noted during its April 28th earnings teleconference. This includes strong demand for architectural do-it-for-yourself coatings, aerospace applications for military programs, and packaging coatings, but which has been more than offset by soft demand for commercial aerospace, automotive original equipment manufacturer, automotive refinish, architectural do-it-for-me and certain general industrial coatings end uses. In aggregate, company sales volumes were lower versus the prior year in April by approximately 35%. The company saw continued improvement throughout the month of May, with aggregate monthly sales down less than 30% versus 2019. Volume results in both months were modestly better than the company originally forecasted. These results include higher year-over-year volumes in China and sequential monthly improvement of net sales in both the U.S. and Europe. Further sequential improvement is expected in June reflecting higher run-rate demand levels exiting May and additional reopening of economic activity across the world.

ShowHide Related Items >><<
PPG PPG
$113.94 /

+3 (+2.70%)

PPG PPG
$113.94 /

+3 (+2.70%)

06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
PPG PPG
$113.94 /

+3 (+2.70%)

PPG PPG
$113.94 /

+3 (+2.70%)

Hot Stocks
PPG initiates global restructuring, targets $170M in annual savings » 06:28
06/08/20
06/08
06:28
06/08/20
06:28
PPG

PPG

$113.94 /

+3 (+2.70%)

PPG announced that it has…

PPG announced that it has approved significant and broad restructuring actions to reduce its global cost structure. The company cited weakened global economic conditions stemming from the COVID-19 pandemic and related pace of recovery in a few end-use markets, along with further opportunities to optimize supply chain and functional costs. When completed, the company expects the planned actions will deliver $160M-$170M in annual pre-tax cost savings, with approximately $25M-$35M of savings projected in 2020. The remainder of the annual cost savings is anticipated to be substantially realized by year-end 2021. The plan includes a voluntary separation program that was offered in the U.S. and Canada. PPG will record a restructuring charge of $160M-$180M pretax, $125M-$140M after-tax, or 52c-58c per diluted share, in the second quarter, which is nearly all related to employee severance. The company will also incur other associated restructuring-related costs of approximately $10M over future quarters. The total cash outlay to complete these actions is approximately $180M, with about $110M expected in 2020 and the remainder in 2021. The cash outlay includes capital expenditures to relocate certain operational activities.

ShowHide Related Items >><<
PPG PPG
$113.94 /

+3 (+2.70%)

PPG PPG
$113.94 /

+3 (+2.70%)

06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
PPG PPG
$113.94 /

+3 (+2.70%)

PPG PPG
$113.94 /

+3 (+2.70%)

Hot Stocks
PPG initiates global restructuring, targets $170M in annual savings  06:25
06/08/20
06/08
06:25
06/08/20
06:25
PPG

PPG

$113.94 /

+3 (+2.70%)

 
ShowHide Related Items >><<
PPG PPG
$113.94 /

+3 (+2.70%)

PPG PPG
$113.94 /

+3 (+2.70%)

06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
PPG PPG
$113.94 /

+3 (+2.70%)

PPG PPG
$113.94 /

+3 (+2.70%)

Over a month ago
Conference/Events
PPG participates in a conference call with Credit Suisse » 10:25
06/03/20
06/03
10:25
06/03/20
10:25
PPG

PPG

$110.81 /

+3.34 (+3.11%)

Conference call with CFO…

Conference call with CFO Morales will be held on June 3 at 11 am hosted by Credit Suisse.

ShowHide Related Items >><<
PPG PPG
$110.81 /

+3.34 (+3.11%)

PPG PPG
$110.81 /

+3.34 (+3.11%)

06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
PPG PPG
$110.81 /

+3.34 (+3.11%)

PPG PPG
$110.81 /

+3.34 (+3.11%)

Conference/Events
PPG participates in a conference call with Credit Suisse » 04:55
06/03/20
06/03
04:55
06/03/20
04:55
PPG

PPG

$107.47 /

+4.07 (+3.94%)

Conference call with CFO…

Conference call with CFO Morales will be held on June 3 at 11 am hosted by Credit Suisse.

ShowHide Related Items >><<
PPG PPG
$107.47 /

+4.07 (+3.94%)

PPG PPG
$107.47 /

+4.07 (+3.94%)

06/02/20 RBC Capital
PPG price target raised to $112 from $102 at RBC Capital
05/29/20 JPMorgan
Axalta Coating price target raised to $27 from $22 at JPMorgan
05/22/20 JPMorgan
PPG price target raised to $105 from $100 at JPMorgan
05/06/20
Fly Intel: Top five analyst upgrades
PPG PPG
$107.47 /

+4.07 (+3.94%)

PPG PPG
$107.47 /

+4.07 (+3.94%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.