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Stock impact report

Jim Cramer Doesn't Want You to Worry About PPG Industries (PPG) & Inflation [Yahoo! Finance]

PPG Industries, Inc. (PPG) 
Last ppg industries, inc. earnings: 4/27 04:20 pm Check Earnings Report
US:NYSE Investor Relations: investor.ppg.com
Company Research Source: Yahoo! Finance
PPG Industries, Inc. (NYSE:PPG) is one of the biggest specialty chemicals companies in America. Its shares are up by 8.9% over the past year and by 6.3% year-to-date. RBC Capital discussed PPG Industries, Inc. (NYSE:PPG)'s shares on April 16th. It raised the share price target to $119 from $114 and kept a Sector Perform rating. The firm remarked that while PPG Industries, Inc. (NYSE:PPG)'s second-quarter guidance and first-quarter earnings were notable, it might face headwinds from the conflict in Iran. Some factors that could affect the firm, according to RBC Capital, are rising raw material costs and geopolitical concerns. Earlier in the year, a flurry of analysts had discussed PPG Industries, Inc. (NYSE:PPG). For instance, Bernstein increased the share price target to $130 from $123 and kept an Overweight rating on January 30th following the firm's fourth quarter earnings report. Cramer discussed the price increases and remarked that they were not due to inflation: “Now how abou Show less Read more
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