Brokerage Firm Rating Update on PPG Industries (PPG)

PPG Industries (PPG) : Zacks Investment Research ranks PPG Industries (PPG) as 4, which is a Sell recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 1.43, which indicates as a Strong Buy.

PPG Industries (PPG) : The most positive equity analysts on PPG Industries (PPG) expects the shares to touch $130, whereas, the least positive believes that the stock will trade at $110 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $123.23 with an expected fluctuation of $6.02 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, Seaport Global upgrades its rating on PPG Industries (NYSE:PPG). Analysts at the Seaport Global have a current rating of Buy on the shares. The shares were previously rated Accumulate. The rating by the firm was issued on July 26, 2016.

PPG Industries (NYSE:PPG): stock was range-bound between the intraday low of $106.42 and the intraday high of $107.79 after having opened at $107.24 on Wednesdays session. The stock finally closed in the red at $107.24, a loss of -0.83%. The stock remained in the red for the whole trading day. The total traded volume was 1,337,902 shares. The stock failed to cross $107.79 in Wednesdays trading. The stocks closing price on Thursday was $107.62.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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