BMO Capital analyst John McNulty maintains $PPG Industries (PPG.US)$ with a buy rating, and adjusts the target price from $160 to $155.
According to TipRanks data, the analyst has a success rate of 56.4% and a total average return of 3.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PPG Industries (PPG.US)$'s main analysts recently are as follows:
PPG's recent quarterly results fell short of expectations, a scenario that was anticipated in light of the significant deceleration in the auto OEM sector. Despite this, it is anticipated that the company's growth will resume in the coming year and the recent asset sale is expected to positively contribute to the 2025 outlook, suggesting a potential uptrend for the company.
The firm has adjusted its outlook on PPG, citing a slight earnings decrease and reduced multiples after reviewing the company's quarterly financial results.
Note:
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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.
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