Baird lowered the firm’s price target on PPG to $150 from $160 and keeps an Outperform rating on the shares. The firm said hhile PPG continues to deliver on internal execution including free cash flow acceleration, higher interest rates and the related potential impact on both Construction and macroeconomic fundamentals overall continue to weigh on investor sentiment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PPG: