Barclays Downgrades PPG Industries (PPG) to Equalweight on Near-Term Overhang

Barclays analyst Duffy Fischer downgraded PPG Industries (NYSE: PPG) from Overweight to Equalweight with a price target of $149.00 (from $163.00).

The analyst comments "While refining PPG's focus is likely the correct, difficult decision for CEO Knavish, new disclosures likely add fuel to biz performance concerns and hinder the valuation re-rating we angled for near-term. Downgrade to EW."

For an analyst ratings summary and ratings history on PPG Industries click here. For more ratings news on PPG Industries click here.

Shares of PPG Industries closed at $142.34 yesterday.

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