Jefferies increases its price target from $106 to $109 on Hold-rated PPG Industries PPG as the company pre-announces Q1 range.
Jefferies comments, "PPG preannounced a Q1 range of $1.75-$1.80. We expect the Q1 call to be split between cyclical datapoints, mix shifts, and questions around margin sustainability. We are raising Q1 EPS $0.33 to $1.80, and raising our 12-month price target $3 to $109, 12x 2013E EPS."
PPG closed at $96.26 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in