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

PPG Industries (PPG) PT Lowered to $165 at BMO Capital

BMO Capital analyst John McNulty lowered the price target on PPG Industries (NYSE: PPG) to $165.00 (from $168.00) while maintaining a Outperform rating.

The analyst comments "PPG appears undervalued, sitting near its 10-year valuation lows (ex COVID). It has a benign raw material... More

Seaport Global Securities Upgrades PPG Industries (PPG) to Buy

Seaport Global Securities analyst Michael Harrison upgraded PPG Industries (NYSE: PPG) from Neutral to Buy.

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 $130.90 yesterday.

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

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

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

Evercore ISI Downgrades PPG Industries (PPG) to In Line, 'Headwinds Intensifying'

Evercore ISI analyst Stephen Richardson downgraded PPG Industries (NYSE: PPG) from Outperform to In Line with a price target of $152.00.

The analyst comments "We are downgrading PPG from Outperform to In Line. Our thesis here for much of 2023 was that pricing power would compliment raws deflation and see margins lift. Further, market skepticism around managements organic growth initiative presented a longer tail opportunity for contrarians. Although the margin lift has been apparent at times, it was... More

PPG Industries (PPG) PT Lowered to $148 at Barclays

Barclays analyst Duffy Fischer lowered the price target on PPG Industries (NYSE: PPG) to $148.00 (from $149.00) while maintaining a Equalweight rating.... More

PPG Industries (PPG) PT Lowered to $162 at KeyBanc

KeyBanc analyst Aleksey Yefremov lowered the price target on PPG Industries (NYSE: PPG) to $162.00 (from $164.00) while maintaining a Overweight rating.... More

CFRA Upgrades PPG Industries (PPG) to Buy

CFRA analyst Arun Sundaram upgraded PPG Industries (NYSE: PPG) from Hold to Buy with a price target of $157.00.

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 $135.11 yesterday.

PPG Industries (PPG) PT Lowered to $150 at UBS

UBS analyst Joshua Spector lowered the price target on PPG Industries (NYSE: PPG) to $150.00 (from $156.00) while maintaining a Neutral rating.... More

PPG Industries (PPG) PT Lowered to $166 at Mizuho

(Updated - April 19, 2024 6:37 AM EDT)

Mizuho analyst John Roberts lowered the price target on PPG Industries (NYSE: PPG) to $166.00 (from $175.00) while maintaining a Buy rating.

The analyst commented: "PPG reported in-line quarter with EPS of $1.86. Overall volume was down ~2% (including -1%... More

PPG Industries (PPG) Announces $2.5B Share Buyback

PPG (NYSE: PPG) today announced that its board of directors has authorized the repurchase of $2.5 billion of outstanding common stock. The authorization is effective immediately, does not expire, and gives management discretion in determining the conditions under which shares may be purchased.

This program is in addition to the companys... More

PPG Industries (PPG) Reports In-Line Q1 EPS, offers outlook

PPG Industries (NYSE: PPG) reported Q1 EPS of $1.86, in-line with the analyst estimate of $1.86. Revenue for the quarter came in at $4.31 billion versus the consensus estimate of $4.43 billion.

GUIDANCE:

PPG Industries sees Q2 2024 EPS of $2.42-$2.52, versus the consensus of... More