Keybanc Maintains Overweight on PPG Indus, Lowers Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov has maintained an Overweight rating on PPG Industries (NYSE:PPG) but lowered the price target from $167 to $164.

April 09, 2024 | 9:03 am
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NEUTRAL IMPACT
PPG Industries' Overweight rating is maintained by Keybanc, but the price target is reduced from $167 to $164.
The adjustment in price target by a prominent analyst could have a mixed impact. While the maintenance of an Overweight rating suggests continued confidence in the company's fundamentals, the reduction in price target might reflect some concerns about future performance or market conditions. Investors might see this as a nuanced view, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100