On Oct 17, major Wall Street analysts update their ratings for $PPG Industries (PPG.US)$, with price targets ranging from $152 to $165.
Morgan Stanley analyst Vincent Andrews maintains with a hold rating, and maintains the target price at $155.
Evercore analyst Stephen Richardson maintains with a hold rating, and maintains the target price at $152.
BMO Capital analyst John McNulty maintains with a buy rating, and adjusts the target price from $161 to $160.
Seaport Global analyst Michael Harrison CFA maintains with a buy rating, and maintains the target price at $165.
Furthermore, according to the comprehensive report, the opinions of $PPG Industries (PPG.US)$'s main analysts recently are as follows:
A modest revision in earnings and a decrease in multiples following the quarterly results were cited as the reasons for the lowered expectations on PPG's performance.
Here are the latest investment ratings and price targets for $PPG Industries (PPG.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
