Analysts Offer Insights on Materials Companies: PPG Industries (NYSE: PPG) and Franco Nev Corp (NYSE: FNV)

Analysts fell to the sidelines weighing in on PPG Industries (PPGResearch Report) and Franco Nev Corp (FNVResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

PPG Industries (PPG)

In a report issued on July 19, Duffy Fischer from Barclays maintained a Hold rating on PPG Industries, with a price target of $125. The company’s shares closed on Friday at $117.51, close to its 52-week high of $121.29.

According to TipRanks.com, Fischer is a 4-star analyst with an average return of 10.9% and a 55.1% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and DuPont de Nemours, Inc.

Currently, the analyst consensus on PPG Industries is a Moderate Buy with an average price target of $124.57, which is a 6.0% upside from current levels. In a report issued on July 19, Credit Suisse also maintained a Hold rating on the stock with a $115 price target.

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Franco Nev Corp (FNV)

Barclays analyst Matt Murphy maintained a Hold rating on Franco Nev Corp on July 19 and set a price target of $89. The company’s shares closed on Friday at $90.22, close to its 52-week high of $90.70.

According to TipRanks.com, Murphy is a 4-star analyst with an average return of 11.2% and a 73.7% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Barrick Gold Corporation.

Currently, the analyst consensus on Franco Nev Corp is a Hold with an average price target of $85, which is a -5.8% downside from current levels. In a report issued on July 11, Deutsche Bank also maintained a Hold rating on the stock with a $81 price target.

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