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UPDATE: Bank Of America Reiterates On PPG Industries On Solid 2Q Results

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In a report published Friday, Bank of America analyst Kevin W. McCarthy reiterated a Buy rating on PPG Industries (NYSE: PPG), and raised the price target from $218.00 to $223.00.

In the report, Bank of America noted, “We continue to view PPG as an attractive core holding in the chemicals sector and expect shares to continue to grind higher as earnings grow. End-use markets still reflect demand strength in auto, aerospace, industrial and architectural coatings, partially offset by weakness in marine and packaging coatings. M&A should remain active, while share repurchases accelerate in 3Q after a Comex deal-related hiatus.”

PPG Industries closed on Thursday at $207.70.

Latest Ratings for PPG

DateFirmActionFromTo
Jul 2014BarclaysMaintainsEqual-weight
Jul 2014JP MorganMaintainsOverweight
Jul 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for PPG
View the Latest Analyst Ratings

Posted-In: Bank of America Kevin W. McCarthyAnalyst Color Price Target Analyst Ratings

 

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