RBC Capital analyst Arun Viswanathan maintains $PPG Industries (PPG.US)$ with a hold rating, and adjusts the target price from $138 to $136.
According to TipRanks data, the analyst has a success rate of 53.3% and a total average return of 0.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PPG Industries (PPG.US)$'s main analysts recently are as follows:
The company's recent earnings did not meet expectations for Q3, facing challenges in the Auto/industrial sectors. Nevertheless, the Europe segment is anticipated to have more favorable comparisons, with the Mexico market performing robustly. Additionally, the company is projecting cost savings of $60M by the year 2025.
The company's recent quarterly outcomes have been unsatisfactory but were anticipated in light of the significant deceleration in the auto OEM sector. Despite this, the expectation of resumed growth in the coming year, coupled with a beneficial asset sale projected to contribute positively by 2025, suggests the company's prospects for advancement.
Note:
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