PPG Industries, the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst James Hooper from Bernstein maintained a Buy rating on the stock and has a $130.00 price target.
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James Hooper has given his Buy rating due to a combination of factors that underscore PPG’s resilience and growth prospects despite a challenging macro backdrop. He highlights that the company delivered its strongest quarterly volume performance in three years in 4Q25, even while facing weak economic conditions and pressure in auto refinish. In his view, PPG is executing well operationally, and its guidance appears attainable even without a meaningful macroeconomic improvement, with any broader recovery offering additional upside to earnings. He also points to a solid organic growth outlook into 2026, supported by recovery in Global Architectural Coatings (notably in Mexico), continued strength in Aerospace and Protective & Marine within Performance Coatings, and technology-driven share gains in Packaging, alongside PPG’s advantageous position in China for Auto OEM coatings.
Hooper additionally sees a credible path to recovery in the high-margin auto refinish segment in the second half of 2026, underpinned by expectations that US auto insurance premiums will become more affordable as carriers compete for growth and regulatory dynamics support rate reductions. While he modestly trims near-term earnings estimates, particularly for Industrial Coatings due to weaker auto production forecasts, he still views the overall organic growth trend as robust. This leads him to raise his valuation multiple on 2026 earnings, though it remains below historical averages, and to increase his price target from $123 to $130 per share, implying attractive upside from current levels. Taken together, these factors justify his Outperform (Buy) rating on PPG Industries.
In another report released yesterday, TipRanks – PerPlexity also upgraded the stock to a Buy with a $125.00 price target.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PPG in relation to earlier this year.