Analysts predict weaker earnings for
PPG Industries leading to rating downgrades by major financial institutions such as J.P. Morgan. The company has also missed its
fourth-quarter profit estimates. A significant number of shares is being sold by various entities. The company is battling against
loss in market share and currency challenges. Despite these developments, some entities continue to invest in the company due to its significant
institutional ownership. The company intends to
lay off 1,800 workers as part of a cost-cutting plan and there are plans to sell its architectural coatings business in U.S. and Canada.
PPG's quarterly profit has also suffered due to decreased industrial coatings demand. However, despite these hurdles, analysts believe PPG still holds potential and the company has reconfirmed its commitment to key strategic partnerships. Additionally, PPG plans to continue its
Colorful Communities program till 2035.
Ppg Industries PPG News Analytics from Sun, 25 Aug 2024 07:00:00 GMT to Sat, 15 Feb 2025 13:26:02 GMT -
Rating -6
- Innovation -7
- Information 7
- Rumor 2
