Citi Reaffirms Their Buy Rating on PPG Industries (PPG)
Citi analyst Patrick Cunningham reiterated a Buy rating on PPG Industries yesterday and set a price target of $120.00. The company’s shares closed yesterday at $103.72.
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Cunningham covers the Basic Materials sector, focusing on stocks such as Linde, LyondellBasell, and Ecolab. According to TipRanks, Cunningham has an average return of -1.0% and a 44.44% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPG Industries with a $119.08 average price target.
Based on PPG Industries’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.08 billion and a net profit of $453 million. In comparison, last year the company earned a revenue of $4.58 billion and had a net profit of $468 million
