On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Baytex Energy (BTE) downgraded to Sector Performer from Outperformer at CIBC... CarMax (KMX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Hold from Buy at Jefferies... LG Display (LPL) downgraded to Underperform from Neutral at BofA/Merrill... Magna (MGA) downgraded to Sector Performer from Outperformer at CIBC... Norilsk Nickel (NILSY) downgraded to Neutral from Overweight at JPMorgan... Sherwin-Williams (SHW) downgraded to Neutral from Buy at Longbow... Volkswagen (VLKAY) downgraded to Hold from Buy at Deutsche Bank.
PPG Industries lifts Fresno glass manufacturing force majeure PPG Industries announced that it has restored normal operations at its Fresno, California, glass manufacturing facility and lifted the force majeure on architectural, residential and specialty glass products for customers located in the western U.S. and western Canada. The company also announced plans to invest $20M in upgrades for the Fresno facility, which will begin in January 2016. PPG plans to rebuild the glass tank and enhance other manufacturing equipment at the plant. The investment will upgrade equipment to meet continued demand for PPG flat glass products manufactured at the facility.