KeyBanc keeps Alphabet at Overweight but cuts price target to $385
KeyBanc kept its Overweight rating on Alphabet shares and lowered the price target to $385 from $410. It also maintained Overweight on PPG Industries.
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what happened
KeyBanc kept its Overweight rating on Alphabet, the parent company of Google, but lowered its price target from $410 to $385 per share. Dow Jones Newswires reports the change, citing ratings data from Benzinga.
Separately, at 13:49 GMT, the same bank maintained its Overweight rating on PPG Industries. The materials contain no further details.
why it matters
A lower price target with an unchanged rating usually reflects a revision to valuation assumptions rather than a change in the overall view of the stock. Analyst moves like this give a sense of sentiment toward individual companies but rarely move the broader market on their own.
tags
instruments
sources
- Alphabet Is Maintained at Overweight by Keybanc — Dow Jones Newswires, 29 October 2026 at 13:35 UTC
- PPG Industries Is Maintained at Overweight by Keybanc — Dow Jones Newswires, 29 October 2026 at 13:49 UTC
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