UPDATE: JPMorgan Downgrades PPG Industries (PPG) to Neutral
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PPG Industries (PPG) PT Lowered to $185 at BMO Capital
October 22, 2021 8:10 AM EDTBMO Capital analyst John McNulty lowered the price target on PPG Industries (NYSE: PPG) to $185.00 (from $188.00) while maintaining an Outperform rating.
The analyst commented, "PPGs stock is poised for outperformance as the raw material inflation and supply chain... More
PPG Industries (PPG) Declares $0.59 Quarterly Dividend; 1.4% Yield
October 21, 2021 4:26 PM EDTPPG Industries (NYSE: PPG) declared a quarterly dividend of $0.59 per share, or $2.36 annualized.
The dividend will be payable on December 10, 2021, to stockholders of record on November 10, 2021, with an ex-dividend date of November 9, 2021.
The annual yield on the dividend is 1.4... More
PPG Industries (PPG) PT Raised to $190 at UBS
October 21, 2021 9:12 AM EDTUBS analyst John Roberts raised the price target on PPG Industries (NYSE: PPG) to $190.00 (from $189.00) while maintaining a Buy rating.... More
PPG Industries (PPG) Tops Q3 EPS by 8c; Guides FY EPS Below Street
October 20, 2021 4:19 PM EDTPPG Industries (NYSE: PPG) reported Q3 EPS of $1.69, $0.08 better than the analyst estimate of $1.61. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.24 billion.
Chairman and CEO Comments
Michael H. McGarry, PPG chairman and chief executive officer, commented on the quarter:
As we communicated in early September, supply-chain disruptions worsened during the quarter as various commodity and component shortages restricted both our manufacturing output and that of certain customers. While overall demand remained robust during the quarter, these increased disruptions prevented us from completely fulfilling our strong order... More
