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PPG Industries Started as “Outperform” at Robert W. Baird (PPG)

By Dividend.com,  June 22, 2012, 09:11:27 AM EDT

Paint and coatings maker PPG Industries, Inc. ( PPG ) on Friday caught some bullish sentiment from analysts at Robert W. Baird & Co.

The firm initiated coverage on PPG with an "Outperform" rating and $120 price target, suggesting a 17% upside to the stock's Thursday closing price of $102.42.

Robert Baird noted the company is well-positioned for a domestic housing recovery - whenever that eventually happens.

PPG Industries shares were unchanged in premarket trading Friday.

The Bottom Line
Shares of PPG Industries ( PPG ) have a 2.30% dividend yield, based on last night's closing stock price of $102.42. The stock has technical support in the $95-$97 price area. The shares are trading near all-time highs.

PPG Industries, Inc. ( PPG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: PPG



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