Keybanc Maintains Overweight on PPG Indus, Lowers Price Target to $166
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov maintains an Overweight rating on PPG Indus (NYSE:PPG) but lowers the price target from $172 to $166.
October 20, 2023 | 8:33 am
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NEUTRAL IMPACT
PPG Indus' price target has been lowered from $172 to $166 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100