7 Analysts Have This To Say About PPG Indus
Portfolio Pulse from Benzinga Insights
7 analysts have recently reviewed PPG Industries (NYSE:PPG), showing mixed sentiments. The average 12-month price target is now $158.14, down 2.78% from the previous target. Analysts from Keybanc, UBS, Barclays, RBC Capital, and Baird have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. PPG Industries, a global coatings producer, has shown positive financial performance with a revenue growth rate of 3.94% as of December 31, 2023, and strong profitability indicators such as a net margin of 2.07% and ROE of 1.16%.
April 09, 2024 | 12:00 pm
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NEUTRAL IMPACT
PPG Industries has received mixed analyst ratings with a slight decrease in the average price target to $158.14. The company's strong financial performance and positive growth indicators may counterbalance the impact of the reduced target.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on PPG's stock price. However, the company's strong financial performance, including a higher revenue growth rate and profitability than industry averages, could provide a positive counterbalance. The adjustments in ratings and targets reflect recent market conditions and company performance, indicating a careful analysis by analysts.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100