PPG Industries (PPG) PT Lowered to $127 at Jefferies

Jefferies analyst Laurence Alexander lowered the price target on PPG Industries (NYSE: PPG) to $127.00 (from $133.00) while maintaining a Hold rating.

The analyst comments "We are lowering estimates to reflect likely near-term headwinds in automotive, packaging and industrial markets, and a more cautious stance on the timing and strength of a cyclical recovery. We now forecast an 11% EPS CAGR through 2027E, coupled with average annual FCF before dividends of $9.35/share (8% FCF yield). Share momentum likely hinges on the outlook for consumer confidence and consequently automotive production schedules for 2H25-2026."

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