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Analysts Offer Insights on Materials Companies: PPG Industries (PPG) and Scotts Miracle-Gro Company (SMG)

Tipranks - Tipranks - Fri Jan 30, 6:40AM CST

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on PPG Industries (PPG – Research Report) and Scotts Miracle-Gro Company (SMG – Research Report).

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PPG Industries (PPG)

RBC Capital analyst Arun Viswanathan maintained a Hold rating on PPG Industries yesterday and set a price target of $115.00. The company’s shares closed last Wednesday at $113.96.

According to TipRanks.com, Viswanathan is a 3-star analyst with an average return of 0.8% and a 53.8% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems. ;'>

PPG Industries has an analyst consensus of Moderate Buy, with a price target consensus of $121.21, which is a 5.5% upside from current levels. In a report issued on January 13, TipRanks – Anthropic also downgraded the stock to Hold with a $114.00 price target.

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Scotts Miracle-Gro Company (SMG)

Wells Fargo analyst Christopher Carey maintained a Buy rating on Scotts Miracle-Gro Company today and set a price target of $70.00. The company’s shares closed last Wednesday at $62.80.

According to TipRanks.com, Carey is a 2-star analyst with an average return of 0.6% and a 46.9% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Anheuser-Busch Inbev Sa. ;'>

Currently, the analyst consensus on Scotts Miracle-Gro Company is a Strong Buy with an average price target of $66.51, implying a 5.8% upside from current levels. In a report issued on January 15, TipRanks – Google also upgraded the stock to Buy with a $70.00 price target.

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