PPG price target lowered to $112 from $120 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on PPG (PPG) to $112 from $120 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q1 results in Coatings. The firm is updating its models to reflect choppy end markets and cushion for tariffs, with headwinds coming from the lower auto OEM builds and insurance claims, weak industrial business, and muted DIY, the analyst tells investors in a research note.