JPMorgan Downgrades PPG Industries (PPG) to Neutral

JPMorgan analyst Jeffrey Zekaukas downgraded PPG Industries (NYSE: PPG) from Overweight to Neutral with a price target of $106.00 (from $105.00).

The analyst steps aside as the equity achieves his target price. He believes that trading multiples north of 11.5x for the company are difficult to attain given the company's cyclical characteristics.

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 $107.36 yesterday.

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