PPG Industries (PPG) PT Lowered to $103 at JPMorgan
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Price: $114.11 -0.54%
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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JPMorgan analyst Jeffrey Zekaukas lowered the price target on PPG Industries (NYSE: PPG) to $103.00 (from $110.00) while maintaining a Neutral rating.
The analyst believes the decline in the equity on Tuesday reflects the lower level of earnings and remains sidelined citing a lack of conviction that the equity can outperform over the coming year.
He is lowering his FY 2019 EPS to $6.45 (from $6.85).
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