JPMorgan downgraded PPG (PPG) to Neutral from Overweight with a price target of $115, down from $145. The auto industry in 2025 is not growing, and PPG is giving up share, the analyst tells investors in a research note. The firm says Axalta (AXTA) appears to have better demand characteristics and better margin characteristics as well as lower valuation relative to PPG for 2025. The European construction markets are struggling and PPG is a cyclical company, contends JPMorgan.
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Read More on PPG:
- PPG price target lowered to $130 from $143 at BMO Capital
- PPG price target lowered to $120 from $128 at RBC Capital
- PPG Industries Positioned for Growth: Strategic Moves and Market Opportunities Highlight Buy Rating
- PPG Industries: Hold Rating Amid Revised Forecasts and Limited Near-Term Growth Prospects
- PPG price target lowered to $140 from $150 at Mizuho
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