Credit Suisse Sticks to Its Hold Rating for PPG Industries (PPG)


Credit Suisse analyst Chris Parkinson maintained a Hold rating on PPG Industries (PPG) yesterday and set a price target of $115. The company’s shares closed yesterday at $107.36.

According to TipRanks.com, Parkinson is a 1-star analyst with an average return of -0.9% and a 49.7% success rate. Parkinson covers the Consumer Goods sector, focusing on stocks such as Compass Minerals International Inc, Sherwin-Williams Company, and Axalta Coating Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PPG Industries with a $114 average price target.

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The company has a one-year high of $122.07 and a one-year low of $94.37. Currently, PPG Industries has an average volume of 1.8M.

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PPG Industries, Inc. engages in the manufacture and distribution of coatings, specialty materials, and glass products. It operates through the following business segments: Performance Coatings, Industrial Coatings, and Glass. The Performance Coatings segment comprises of the refinish, aerospace, protective and marine, and architectural coatings businesses.

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