Deutsche Bank upgrades PPG Industries (PPG) to Buy
PPG Hot Sheet
Rating Summary:9 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Deutsche Bank upgrades PPG Industries (NYSE: PPG) from Hold to Buy and raises their price target to $80. The firm said, "Options on a divestiture of chlor-alkali are more possible today, having been accelerated by PPG's desire to be in a position to participate in a forthcoming coatings industry consolidation. The sale of chlor-alkali would reduce earnings cyclicality and remove the asset that has the most depressing effect on PPG's valuation."
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