Goldman Sachs Downgrades PPG Industries (PPG) to Neutral, Removes from Conviction Buy List

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Goldman Sachs downgraded PPG Industries (NYSE: PPG) from Buy to Neutral and removed the stock from their Conviction Buy List. The firm cut their price target by $1 to $97.

The firm said near-term lull in end-market demand following recent share outperformance suggests a more balanced risk/reward outlook.

For an analyst ratings summary and ratings history on PPG Industries click here. For more ratings news on PPG Industries click here.

Shares of PPG Industries closed at $86.55 yesterday, with a 52 week range of $66.7 3-$97.81.

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