PPG Industries Inc (NYSE: PPG) shares recently surpassed the average analyst 12-month target price of $133.50, trading at $135.22 per share. This shift prompts potential analyst reactions, either to downgrade on valuation or raise target expectations, based on the company’s current fundamentals. The stock price increase provides an opportunity for investors to reassess the company’s future prospects.
There are 18 analysts contributing to PPG’s average price target, with estimates ranging from a low of $116.00 to a high of $190.00, resulting in a standard deviation of $18.715. Current ratings show 9 strong buys, 1 buy, and 7 holds, with no sell or strong sell ratings. The average rating stands at 1.88, indicating a positive outlook based on recent evaluations.
