🚀 ProPicks AI Hits +34.9% Return!Read Now

PPG Gets Price Target Bumps By Analysts After Q1 Forecast

Published 04/04/2023, 13:33
Updated 04/04/2023, 14:40
© Reuters.  PPG Gets Price Target Bumps By Analysts After Q1 Forecast
PPG
-
TGTB34
-

Benzinga - PPG Industries, Inc. (NYSE: PPG) said it expects Q1 adjusted earnings significantly above the company's previous guidance.

PPG said it now expects Q1 adjusted earnings of $1.52 to $1.58 per share, which exceeded earlier guidance of $1.10 to $1.20 per share.

PPG is scheduled to report detailed Q1 financial results and issue full-year 2023 guidance on April 20, 2023, after the closing bell.

PPG shares gained 4.8% to close at $140.04 on Monday.

These analysts made changes to their price targets on PPG following the release of guidance.

  • Morgan Stanley raised the price target on PPG from $120 to $140. Morgan Stanley analyst Vincent Andrews maintained an Equal-Weight rating.
  • Wells Fargo boosted the price target on PPG from $124 to $143. Wells Fargo analyst Michael Sison maintained an Equal-Weight rating.

Check This Out: Top 4 Materials Stocks That Set To Fly In April

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.