PPG price target raised to $119 from $114 at RBC Capital

RBC Capital raised the firm’s price target on PPG (PPG) to $119 from $114 and keeps a Sector Perform rating on the shares. The firm is citing the company’s pre-announcement with better-than-expected Q1 result and Q2 guide, the analyst tells investors in a research note. The firm warns, however, that PPG could start seeing Iran-related headwinds in Q2 and beyond, cautioning these headwinds could potentially be worse than expected given PPG’s warning for more potential price increases.