PPG Industries Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
PPG Industries, Inc. (NYSE:PPG) is set to release its Q4 earnings after market close on Jan. 18, 2024, with expected earnings of $1.50 per share and revenue of $4.27 billion. The company is also reviewing strategic alternatives for its silica products business. Analysts have recently updated their price targets, with Wells Fargo, Keybanc, Morgan Stanley, BMO Capital, and Credit Suisse analysts making adjustments, reflecting a mix of ratings from Equal-Weight to Underperform.
January 18, 2024 | 4:58 pm
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POSITIVE IMPACT
PPG Industries is anticipated to report improved earnings and revenue for Q4. Analysts have updated price targets with varying ratings, indicating a mixed but generally positive outlook.
The anticipation of higher earnings and revenue for PPG Industries suggests a positive short-term impact on the stock price. The recent price target changes by analysts, despite varying ratings, generally indicate a positive sentiment. The strategic review of the silica products business could also influence investor perception, potentially adding to the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100