Evercore ISI Group Downgrades PPG Indus to In-Line, Maintains $152 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Stephen Richardson downgraded PPG Industries (NYSE:PPG) from Outperform to In-Line while maintaining a $152 price target.
April 22, 2024 | 9:12 am
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NEUTRAL IMPACT
PPG Industries was downgraded by Evercore ISI Group from Outperform to In-Line, with a maintained price target of $152.
The downgrade to In-Line suggests a neutral outlook on PPG Industries' stock, indicating that the analyst sees the company as fairly valued at its current price. The maintenance of the $152 price target implies that the analyst believes the stock will not significantly outperform or underperform the market in the short term. This neutral stance could lead to a stable but unremarkable performance in PPG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100