Vincent Andrews, an analyst from Morgan Stanley, maintained the Hold rating on PPG Industries. The associated price target is $120.00.
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Vincent Andrews has given his Hold rating due to a combination of factors influencing PPG Industries’ financial outlook. The company’s third-quarter results surpassed previous expectations, but the updated earnings per share (EPS) guidance for 2025 suggests a more conservative performance in the upcoming quarters. Specifically, the revised EPS for the fourth quarter of 2025 is lower than initially projected, reflecting anticipated challenges in certain segments.
Despite some positive adjustments in Global Architectural and Industrial Coatings segments, the Performance Coatings segment faces significant volume and margin pressures. These headwinds are expected to persist into the first half of 2026, which tempers the overall growth prospects. Additionally, while there are slight benefits from net interest expenses and tax rates, these are not substantial enough to warrant a more optimistic rating. Thus, the Hold rating reflects a balanced view of the potential risks and modest opportunities ahead for PPG Industries.
In another report released yesterday, UBS also maintained a Hold rating on the stock with a $110.00 price target.