- PPG Industries (PPG, Financial) faces downgrades due to rising raw material costs and softened demand.
- Bank of America shifts its rating to Neutral amidst economic challenges.
- Analyst projections suggest a potential upside, with price targets averaging 29.19% growth.
PPG Industries (PPG) has recently been downgraded to Neutral by Bank of America. The primary concerns cited are escalating raw material costs and dwindling demand in vital markets. These challenges, compounded by inflationary pressures and tariff implications, have compelled analysts to revise earnings estimates downward for this leader in the paint and coatings sector.
Wall Street Analysts' Forecasts
According to the latest data from 22 analysts, the average price target set for PPG Industries Inc (PPG, Financial) over the next year is $128.69. This projection includes a high estimate of $166.00 and a low of $104.00. The average target indicates a potential upside of 29.19% from the current share price of $99.61. For a more comprehensive analysis, visit the PPG Industries Inc (PPG) Forecast page.
Consensus from 28 brokerage firms assigns PPG Industries Inc (PPG, Financial) an average recommendation score of 2.5, which corresponds to an "Outperform" status on their scale. This rating metric ranges from 1 to 5, where a score of 1 equates to Strong Buy and a 5 signifies Sell.
GuruFocus' estimates indicate that the GF Value of PPG Industries Inc (PPG, Financial) over the coming year is projected to be $128.25. This suggests a potential upside of 28.75% based on the current trading price of $99.61. The GF Value reflects GuruFocus' calculated fair value of the stock, considering historical trading multiples, previous business growth rates, and anticipated future performance metrics. To explore deeper insights, visit the PPG Industries Inc (PPG) Summary page.
