12.10.2016 - We expect a decrease in PPG Industries prices against the background of weak forecasts
Share price of PPG Industries is under the pressure after the company announced an expectation of loss 74-77 cents per share after earnings of 1.52 dollars per share for the same period last year. Sales will probably coincide with the current forecast of 3.8 billion dollars. The company noted the disappointment by similar results for the 3rd quarter, but confirmed the intention to spend on acquisitions and stock buybacks 2-2.5 billion dollars in 2015-2016. We forecast a decline in quotations by 15-20% in the medium term.