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