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.
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Published first on TheFly
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Read More on PPG:
- PPG sees Q1 adjusted EPS $1.10-$1.20, consensus $1.36
- PPG Industries reports Q4 adjusted EPS $1.22, consensus $1.13
- PPG Industries options imply 4.1% move in share price post-earnings
- PPG price target raised to $144 from $125 at KeyBanc
- PPG downgraded to Sector Perform from Outperform at RBC Capital