BofA analyst Steve Byrne raised the firm’s price target on PPG to $170 from $163 and keeps a Buy rating on the shares. PPG posted adjusted EPS above their guidance, consensus and the firm’s estimate, while five businesses set sales records, the analyst tells investors in a post-earnings note.
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 the top stocks recommended by analysts >>
Read More on PPG:
- PPG price target raised to $160 from $150 at Barclays
- PPG price target raised to $140 from $133 at Credit Suisse
- PPG: Higher Q3 tax rate to have y/y impacted on adjusted EPS of 7c-9c
- PPG raises FY23 adjusted EPS view to $7.28-$7.48, consensus $7.27
- PPG sees Q3 adjusted EPS $1.85-$1.95, consensus $1.87