John McNulty, an analyst from BMO Capital, maintained the Buy rating on PPG Industries. The associated price target was lowered to $120.00.
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John McNulty has given his Buy rating due to a combination of factors that highlight PPG Industries’ potential for growth despite some current challenges. The company has shown resilience in most of its business segments, with growth even in difficult markets, which positions it well for future earnings increases expected in 2026 and 2027. Additionally, the stock’s valuation is near its 10-year lows, presenting a favorable risk/reward scenario that supports the target price of $120.
Moreover, PPG Industries is poised to benefit from several positive trends, such as growth in electric vehicles, increased demand for sustainable packaging, and rising aerospace production rates. Management’s focus on differentiated products that offer cost and labor savings is expected to drive price and market share gains. Despite headwinds in the Refinish segment, the company’s strategic investments and market positioning suggest a positive long-term outlook.
In another report released today, Citi also maintained a Buy rating on the stock with a $116.00 price target.
PPG’s price has also changed slightly for the past six months – from $103.810 to $99.130, which is a -4.51% drop .