Jefferies Remains a Hold on PPG Industries (PPG)
Jefferies analyst maintained a Hold rating on PPG Industries yesterday and set a price target of $125.00. The company’s shares closed yesterday at $116.51.
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In addition to Jefferies, PPG Industries also received a Hold from TipRanks – DeepSeek’s DeepSeek Chemicals – Specialty in a report issued yesterday. However, today, Bernstein maintained a Buy rating on PPG Industries (NYSE: PPG).
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
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PPG in relation to earlier this year. Earlier this month, Vincent J Morales, the SVP & CFO of PPG sold 5,200.00 shares for a total of $572,000.00.
Read More on PPG:
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- PPG Industries: Resilient Growth and Recovery Outlook Supports Higher Target and Outperform Rating
- PPG price target raised to $130 from $123 at Bernstein
- PPG price target raised to $122 from $110 at UBS
- PPG price target raised to $115 from $109 at RBC Capital
- PPG price target raised to $135 from $124 at BMO Capital
