Market Overview

UPDATE: J.P. Morgan Resumes Coverage on Georgia Gulf

Related GGC
Mid-Morning Market Update: CAT Releases Poor Guidance, Best Buy Sees Some Relief
Benzinga's Volume Movers
Related GGC
PPG Industries Offers Prelim. Results of Exchange Offer, Says 72.1M Shares Tendered
PPG Industries Begins Split-Off Exchange Offer for Commodity Chemicals Unit

According to a research report published Thursday, J.P. Morgan has resumed its coverage on Georgia Gulf (NYSE: GGC) with a Neutral rating and $28 PT.

In the report, J.P. Morgan said, "We resume coverage of Georgia Gulf following a period of restriction with a Neutral rating (previously an Overweight rating). We establish a December 2013 price target of $28 (the previous December 2012 price target was $23). We raised our 2012 EPS forecast from $1.70 to $2.50 and our 2013 projection from $2.55 to $3.00."

Georgia Gulf closed Wednesday at $27.23.

Latest Ratings for GGC

DateFirmActionFromTo
Jan 2013UBSMaintainsNeutral
Jan 2013Wells FargoDowngradesOutperformMarket Perform
Nov 2012Dahlman RoseMaintainsBuy

View More Analyst Ratings for GGC
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Initiation Analyst Ratings

 

Related Articles (GGC)

Around the Web, We're Loving...

Get Benzinga's Newsletters