Jefferies Raises Price Target on PPG Industries (PPG)
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Price: $112.44 -1.3%
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
15 Buy, 16 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Jefferies raised its price target on Hold-rated PPG Industries (NYSE: PPG) from $90 to $106.
The firm comments, "we believe Q1 is on track and some markets (Europe, tires) have been better than we expected. Accordingly, we are raising Q1 EPS $0.15 to $1.47, and raising our 12-month price target $16 to $106, 13x 2013E EPS."
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 $95.74 yesterday.
The firm comments, "we believe Q1 is on track and some markets (Europe, tires) have been better than we expected. Accordingly, we are raising Q1 EPS $0.15 to $1.47, and raising our 12-month price target $16 to $106, 13x 2013E EPS."
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 $95.74 yesterday.
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