PPG Industries Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

PPG Industries, Inc. PPG is expected to release earnings results for its fourth quarter after the closing bell on Jan. 18, 2024.

Analysts expect the company to report quarterly earnings at $1.50 per share, up from $1.22 per share in the year-ago period. The company is projected to report revenue of $4.27 billion, compared to $4.18 billion in the year-earlier quarter, according to data from Benzinga Pro.

PPG recently announced plans to review of strategic alternatives for its silica products business.

PPG shares fell 0.5% to close at $143.08 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.

• Wells Fargo analyst Michael Sison maintained an Equal-Weight rating and raised the price target from $140 to $150 on Jan. 9, 2024. This analyst has an accuracy rate of 72%.
• Keybanc analyst Aleksey Yefremov maintained an Overweight rating and increased the price target from $166 to $167 on Jan. 9, 2024. This analyst has an accuracy rate of 68%.
• Morgan Stanley analyst Vincent Andrews maintained an Equal-Weight rating and boosted the price target from $143 to $155 on July 24, 2023. This analyst has an accuracy rate of 79%.
• BMO Capital analyst John McNulty maintained an Outperform rating and increased the price target from $158 to $165 on July 24, 2023. This analyst has an accuracy rate of 66%.
• Credit Suisse analyst John Roberts maintained an Underperform rating and raised the price target from $133 to $140 on July 21, 2023. This analyst has an accuracy rate of 80%.

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