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PPG Industries (PPG) Receives a Hold from UBS

Tipranks - Tipranks - Tue Jul 7, 5:26AM CDT

In a report released today, Joshua Spector from UBS maintained a Hold rating on PPG Industries, with a price target of $130.00.

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Spector covers the Basic Materials sector, focusing on stocks such as Ecolab, Linde, and RPM International. According to TipRanks, Spector has an average return of 4.5% and a 53.63% success rate on recommended stocks.

In addition to UBS, PPG Industries also received a Hold from Citi’s Patrick Cunningham in a report issued on June 25. However, on July 1, Mizuho Securities maintained a Buy rating on PPG Industries (NYSE: PPG).

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Based on PPG Industries’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.93 billion and a net profit of $382 million. In comparison, last year the company earned a revenue of $3.68 billion and had a net profit of $373 million

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