On Oct 22, major Wall Street analysts update their ratings for $PPG Industries (PPG.US)$, with price targets ranging from $136 to $165.
Morgan Stanley analyst Vincent Andrews maintains with a hold rating, and adjusts the target price from $155 to $142.
Barclays analyst Michael Leithead maintains with a hold rating, and maintains the target price at $144.
RBC Capital analyst Arun Viswanathan maintains with a hold rating, and adjusts the target price from $138 to $136.
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:
The company is encountering challenges, particularly in the Auto and industrial sectors, while its European operations are poised for more favorable comparisons. The strength observed in the Mexican market is noteworthy, and the company anticipates achieving cost savings of $60 million by 2025.
The company's quarterly outcomes were seen as unsatisfactory, although this was anticipated in light of the significant deceleration in the auto OEM sector. It is noted that with certain strategic asset divestitures positively contributing to future financials, and with growth prospects anticipated to improve in the coming year, there is an expectation for the company's performance to advance.
Here are the latest investment ratings and price targets for $PPG Industries (PPG.US)$ from 4 analysts:
Note:
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