PPG Industries, Inc. PPG said it expects Q1 adjusted earnings significantly above the company's previous guidance.
PPG said it now expects Q1 adjusted earnings of $1.52 to $1.58 per share, which exceeded earlier guidance of $1.10 to $1.20 per share.
PPG is scheduled to report detailed Q1 financial results and issue full-year 2023 guidance on April 20, 2023, after the closing bell.
PPG shares gained 4.8% to close at $140.04 on Monday.
These analysts made changes to their price targets on PPG following the release of guidance.
- Morgan Stanley raised the price target on PPG from $120 to $140. Morgan Stanley analyst Vincent Andrews maintained an Equal-Weight rating.
- Wells Fargo boosted the price target on PPG from $124 to $143. Wells Fargo analyst Michael Sison maintained an Equal-Weight rating.
Check This Out: Top 4 Materials Stocks That Set To Fly In April
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.