Wells Fargo analyst Michael Sison raised the firm’s price target on PPG (PPG) to $135 from $125 and keeps an Overweight rating on the shares. The firm is reducing earnings estimates for its coatings names as its checks point to weaker demand during Q2, particularly in June. Wells remains bullish on the names as valuations remain attractive given all should see positive year-over-year earnings growth in 2025.
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- PPG price target raised to $130 from $125 at Citi
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