PPG Industries Likely To Report Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

PPG Industries, Inc. PPG is expected to report its detailed first quarter financial results after the closing bell on April 20, 2023.

Analysts expect the company to post quarterly earnings at $1.51 per share, up from year-ago earnings of $1.37 per share. The company’s revenue might come in at $4.39 billion.

PPG recently said it expects Q1 adjusted earnings between $1.52 and $1.58 per share, exceeding the company’s earlier issued guidance of $1.10 to $1.20 per share.

PPG Industries shares fell 0.8% to close at $140.55 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Keybanc analyst Aleksey Yefremov maintained an Overweight rating and raised the price target from $159 to $162 on April 11, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 71%.
• Deutsche Bank analyst David Begleiter maintained a Buy rating and boosted the price target from $145 to $160 on April 4, 2023. This analyst sees around 14% upside in the company’s stock and has an accuracy rate of 76%.
• Morgan Stanley analyst Vincent Andrews maintained an Equal-Weight rating and increased the price target from $120 to $140 on April 4, 2023. This analyst sees around 0.4% downside in the company’s stock and has an accuracy rate of 70%.
• JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and boosted the price target from $116 to $130 on Jan. 23, 2023. This analyst sees around 8% downside in the company’s stock and has an accuracy rate of 71%.
• Credit Suisse analyst John Roberts maintained an Underperform rating and increased the price target from $104 to $118 on Jan. 20, 2023. This analyst sees around 16% downside in the company’s stock and has an accuracy rate of 78%.

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