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KeyBanc ‘encouraged’ by PPG Industries Q4 beat
The Fly

KeyBanc ‘encouraged’ by PPG Industries Q4 beat

KeyBanc analyst Aleksey Yefremov maintained an Overweight rating and $144 price target on PPG Industries following the company’s Q4 earnings results. The analyst was "encouraged" by the Q4 report overall, including the EPS beating both the firm’s and the consensus estimates, but noted the headline Q1 EPS guidance looked light, but not as bad as it initially appears, citing "messy" Q1 accounting.

Published first on TheFly

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