PPG upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded PPG (PPG) to Overweight from Neutral with an unchanged price target of $112. The firm believes PPG’s market value has decreased more than its business fundamentals have weakened. The company’s earnings are being “weighed down” by cyclically weak business conditions, not structural demand patterns, and there is room for its earnings growth to accelerate in 2026, the analyst tells investors in a research note. As such, JPMorgan sees room for the stock’s “depressed valuation to expand.”