KeyBanc Upgrades PPG Industries (PPG) to Buy; Attractive Long-Term Prospects Cannot Be Ignored
Tweet
Share
E-mailGet Alerts PPG Hot Sheet
Price: $130.52 +0.07%
Rating Summary:
19 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
19 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
KeyBanc upgraded PPG Industries (NYSE: PPG) to Buy with a price target of $100.00.
KeyBanc analyst says, "A near-term catalyst for PPG is its upcoming capital markets day where we expect the Company to lay out a positive long-term outlook for its core businesses. PPG generates a substantial amount of cash, which it uses to invest in growth and further strengthen its balance sheet, while also returning a considerable amount to shareholders through dividends and share buybacks. Its past and future uses of cash will likely be highlighted in NYC on December 5, and only add to our favorable view of PPG. While we expect some caution to be expressed when it reviews near-term implications of choppy demand in mature markets and recent challenges in optical coatings, the long-term outlook should be solid and supported by the investments it has made in the Company the last few years."
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 $82.55 yesterday.
KeyBanc analyst says, "A near-term catalyst for PPG is its upcoming capital markets day where we expect the Company to lay out a positive long-term outlook for its core businesses. PPG generates a substantial amount of cash, which it uses to invest in growth and further strengthen its balance sheet, while also returning a considerable amount to shareholders through dividends and share buybacks. Its past and future uses of cash will likely be highlighted in NYC on December 5, and only add to our favorable view of PPG. While we expect some caution to be expressed when it reviews near-term implications of choppy demand in mature markets and recent challenges in optical coatings, the long-term outlook should be solid and supported by the investments it has made in the Company the last few years."
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 $82.55 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PPG Industries (PPG) PT Lowered to $165 at BMO Capital
- Canaccord Genuity Upgrades MAG Silver (MAG:CN) (MAG) to Buy
- Kathy Fortmann joins PPG board of directors
Create E-mail Alert Related Categories
UpgradesRelated Entities
KeyBanc, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
