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Stock Market & Financial Investment News

News Breaks
December 20, 2012
06:28 EDTPPGPPG Industries upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital upgraded PPG Industries based on growth potential as it transforms towards a high growth paint and opticals company. Price target raised to $160 from $130.
News For PPG From The Last 14 Days
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April 7, 2014
11:05 EDTPPG High option volume stocks: EXC QCOR SQQQ GNK PPG
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April 3, 2014
11:19 EDTPPGRPM hits 52-week high after raising full year profit outlook
Shares of specialty chemical, paint, and coating maker RPM (RPM) are rallying after the company raised its fiscal 2014 profit outlook. WHAT'S NEW: This morning, RPM reported third quarter earnings per share of 12c and revenue of $863.4M, compared to expectations of 9c and $877.67M, respectively. RPM raised its FY14 EPS view to $2.10-$2.15 from $2.05-$2.10, compared to consensus of $2.11. It also forecast FY14 industrial sales growth of 4%-6% and consumer sales growth of 8%-10%. The company cited stronger than anticipated leverage in its industrial segment, resulting from solid performance in Europe and businesses serving U.S. construction markets, as the reason for the improved outlook. PRICE ACTION: In late morning trading, RPM rose $2.03, or 4.8%, to $44.20 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $45.47. Including today's advance, the stock is up approximately 43% over the past twelve months. OTHERS TO WATCH: Other companies in the paint and coatings space include PPG Industries (PPG), Valspar (VAL), and Sherwin Williams (SHW).

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