PPG Industries' stock drops after missing earnings and revenue targets, prompting key downgrades.

KeyCorp has downgraded PPG Industries from a "strong-buy" to a "hold" rating, while JPMorgan Chase & Co. lowered their price target to $145.00, setting an "overweight" rating. PPG missed earnings and revenue expectations, reporting EPS of $2.13 and $4.58 billion in revenue. The stock price dropped to $120.19. The company has a market cap of $28.26 billion and a P/E ratio of 19.31, with analysts giving it a "Moderate Buy" consensus rating and an average price target of $149.29.

3 months ago
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