Analysts Offer Insights on Materials Companies: PPG Industries (PPG) and New Found Gold (NFGC)
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on PPG Industries (PPG) and New Found Gold (NFGC) with bullish sentiments.
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PPG Industries (PPG)
In a report released yesterday, John McNulty from BMO Capital maintained a Buy rating on PPG Industries, with a price target of $135.00. The company’s shares closed last Thursday at $108.38, close to its 52-week low of $105.64.
According to TipRanks.com, McNulty is a 4-star analyst with an average return of
Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $122.75, which is a 15.5% upside from current levels. In a report issued on April 15, Bernstein also maintained a Buy rating on the stock with a $130.00 price target.
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New Found Gold (NFGC)
In a report released today, Andrew Mikitchook from BMO Capital maintained a Buy rating on New Found Gold, with a price target of C$5.00. The company’s shares closed last Thursday at $2.01.
According to TipRanks.com, Mikitchook is ranked #256 out of 12214 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for New Found Gold with a $4.33 average price target.
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