Barclays Downgrades PPG Indus to Equal-Weight, Lowers Price Target to $149
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Duffy Fischer downgrades PPG Industries (NYSE:PPG) from Overweight to Equal-Weight and reduces the price target from $163 to $149.

February 27, 2024 | 10:29 am
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NEGATIVE IMPACT
PPG Industries was downgraded by Barclays from Overweight to Equal-Weight, with a price target reduction from $163 to $149.
The downgrade by a major financial institution like Barclays, coupled with a significant reduction in the price target, is likely to negatively impact investor sentiment towards PPG Industries in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100