Barclays Maintains an 'Equalweight' on PPG Industries (PPG); Setting Up For A Nice 2012

Barclays maintains an 'Equalweight' on PPG Industries (NYSE: PPG) price target raised from $85 to $93.

Barclays analyst says, "PPG continues to deliver strong operating results and cash flow. As we look forward to '12, PPG should be able to continue their solid performance by growing earnings and cash flow. We expect continued stock buybacks and decent acquisition growth in '12."

"We revise our EPS estimates for Q4'11 to $1.49 from $1.40 and 2012 EPS to $7.43 from $7.35. We initiate a 2013 EPS Forecast of $8.24."

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 $82.71 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
• Is Treasury selloff a major issue for stock market bulls?
• INVO Fertility (IVF) Tops Q2 EPS by 105c