Keybanc Maintains Overweight on PPG Indus, Lowers Price Target to $162
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov maintains an Overweight rating on PPG Industries (NYSE:PPG) but lowers the price target from $164 to $162.

April 22, 2024 | 11:35 am
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NEUTRAL IMPACT
Keybanc maintains an Overweight rating on PPG Industries but reduces the price target from $164 to $162.
The adjustment in price target by Keybanc suggests a slight recalibration of expectations for PPG Industries, rather than a fundamental shift in the company's outlook. The maintenance of an Overweight rating indicates continued confidence in the company's performance, but the reduction in price target could reflect minor concerns or adjustments in valuation models. This is likely to have a neutral short-term impact on PPG's stock price as the market absorbs the minor adjustment in expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90