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Stock Market & Financial Investment News

News For PPG;AXLL;GGC From The Last 14 Days
Check below for free stories on PPG;AXLL;GGC the last two weeks.
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April 21, 2014
07:35 EDTPPGPPG Industries price target raised to $228 from $215 at Jefferies
Jefferies raised its price target for PPG Industries shares to $228 following the company's Q1 results. The firm believes the risk/reward on shares remains favorable and it keeps a Buy rating on the stock.
April 17, 2014
14:14 EDTPPGPPG Industries continues to evaluate potential acquisitions
PPG Industries held its annual meeting of shareholders in Pittsburgh, where Chairman and CEO Charles E. Bunch spoke about the company’s recent strategic progress and record financial performance. Looking ahead, Bunch said, “Our focus this year remains on growing the company. To help drive growth in each of our businesses and regions, we are continuing to evaluate potential acquisitions; expanding our organic capital spending; emphasizing our new product development pipeline; investing more in PPG’s brands; and continuing to expand our sustainability initiatives across the world.”
09:15 EDTPPGPPG Industries board authorizes $2B share repurchase program
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08:53 EDTPPGPPG Industries increases dividend to 67c from 61c
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08:11 EDTPPGPPG Industries reports Q1 adjusted EPS $1.98, consensus $1.87
Reports Q1 revenue $3.6B, consensus $3.63B.
April 14, 2014
18:58 EDTAXLLOn The Fly: After Hours Movers
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17:01 EDTAXLLAxiall sees Q1 adjusted EBITDA $65M-$70M
Axiall Corporation announced that the damage from the December 20 fire at its PHH vinyl chloride monomer manufacturing facility at the company’s chemicals complex in Lake Charles, Louisiana, has been repaired and the facility has resumed operations. The facility is expected to reach full operating rates in May. On February 19, the company described its expectation that the first quarter would be impacted by three significant headwinds: the PHH incident, severe winter weather and a sequential increase to normal maintenance spending. “During this period of lower production and sales, we increased maintenance spending by an additional approximately $10M compared to what we described February 19 to prepare our plants to run at high operating rates for the remainder of the year,” the company said. Based on these factors, the company expects to report $65M-$70M of adjusted EBITDA for Q1.

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