Analyst John McNulty from BMO Capital reiterated a Buy rating on PPG Industries (PPG – Research Report) and keeping the price target at $133.00.
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John McNulty has given his Buy rating due to a combination of factors that highlight PPG Industries’ strategic focus on organic growth and innovation. The company’s leadership has shifted its emphasis from growth through mergers and acquisitions to organic growth, which is supported by a strong commitment to innovation. This approach is expected to drive steady growth by focusing on customer needs and operational excellence.
PPG’s investment in innovation, particularly in sustainability and cost-reduction solutions for customers, positions the company well for future growth. The firm’s strategic exit from the US Architectural business is seen as a positive move that will likely enhance margins and growth prospects. Additionally, PPG is poised to benefit from trends such as increased electric vehicle production, sustainable packaging, and rising aerospace build rates, which are expected to contribute to the company’s growth trajectory.
According to TipRanks, McNulty is a 3-star analyst with an average return of 1.3% and a 50.97% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as DuPont de Nemours, LyondellBasell, and TRONOX.
In another report released yesterday, Citi also maintained a Buy rating on the stock with a $130.00 price target.