KeyBanc analyst Aleksey Yefremov raised the firm’s price target on PPG to $159 from $144 on stronger earnings potential, while keeping an Overweight rating on the shares. The analyst acknowledges that PPG’s Q1 will be challenged by issues in China and Europe, but says he sees results and commentary as overall supportive of improving trends in 2023, and expects $9 EPS to be achievable in 2024.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PPG: