UPDATE - UBS Initiates Coverage on PPG Industries (PPG) with a Neutral; An Industrial Powerhouse at a Fair Price
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Price: $113.63 +1.06%
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - UBS initiates coverage on PPG Industries (NYSE: PPG) with a Neutral. PT $72.00.
UBS analyst says, "PPG continues its multi-decade upgrade into coatings and optical products, which have faster growth, greater stability, and require less capital than its heritage chemical and glass businesses. Through a combination of organic growth and wise M&A actions, the company holds commanding positions in coatings and optical."
"Comparisons turn to Sherwin Williams (NYSE: SHW) - Having beaten its major chemical peers largely on the shoulders of its coatings business, PPG now faces the challenge of rivaling Sherwin for investors’ attention. The company has historic ally lagged the fundamental and stock performance of Sherwin Williams, but the race may heat up if PPG’s overall performance increasingly benefits from its product and geographic transformation."
UBS analyst says, "PPG continues its multi-decade upgrade into coatings and optical products, which have faster growth, greater stability, and require less capital than its heritage chemical and glass businesses. Through a combination of organic growth and wise M&A actions, the company holds commanding positions in coatings and optical."
"Comparisons turn to Sherwin Williams (NYSE: SHW) - Having beaten its major chemical peers largely on the shoulders of its coatings business, PPG now faces the challenge of rivaling Sherwin for investors’ attention. The company has historic ally lagged the fundamental and stock performance of Sherwin Williams, but the race may heat up if PPG’s overall performance increasingly benefits from its product and geographic transformation."
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