PPG Industries (PPG) Announces $2.5B Share Buyback

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Go back to PPG Industries (PPG) Announces $2.5B Share Buyback

PPG Industries (PPG) PT Lowered to $141 at RBC Capital

April 22, 2024 6:24 AM EDT

RBC Capital analyst Arun Viswanathan lowered the price target on PPG Industries (NYSE: PPG) to $141.00 (from $156.00) while maintaining a Sector Perform rating.

The analyst comments "For PPG, we still model positive price/cost (positive for AXTA/SHW), anticipated volume growth momentum in... More

PPG Industries (PPG) PT Lowered to $164 at BofA Securities

April 22, 2024 6:06 AM EDT

BofA Securities analyst Steve Byrne lowered the price target on PPG Industries (NYSE: PPG) to $164.00 (from $167.00) while maintaining a Buy rating.

The analyst comments "PPG posted 1Q adj EPS of $1.86 (vs our $1.90 and consensus $1.85), with organic sales of -2%, driven by challenging comps in US... More

PPG Industries (PPG) PT Lowered to $155 at Deutsche Bank

April 22, 2024 5:06 AM EDT

Deutsche Bank analyst David Begleiter lowered the price target on PPG Industries (NYSE: PPG) to $155.00 (from $160.00) while maintaining a Buy rating.

The analyst comments "PPG's shares fell 3.1% (S&P: -0.9%) following a roughly in-line Q1 release as i) EPS was slightly ahead of consensus, ii) Q2 EPS guidance was 2% below consensus but in-line with buy-side expectations, iii) full-year EPS guidance was reaffirmed and iv) a new $2.5B share repurchase program was announced (8% of the... More