KeyBanc Reinstates Coverage on PPG Industries (PPG) at Hold; High Quality Global Coatings Company

KeyBanc reinstates coverage on PPG Industries (NYSE: PPG) with a Hold.

KeyBanc analyst says, "The second largest global paints and coatings player behind Akzo-Nobel, PPG's geographic and business diversification places it in an enviable position in the global paints and coatings industry. Particularly, we sense that the positive momentum in the Company's aerospace, automotive and optical coatings businesses, coupled with its commodity chemical business, should benefit earnings through at least 2012 given ramping aircraft build rates, favorable pricing and encouraging growth prospects in the developing economies. A strong balance sheet and cash flow should support further acquisition activity and share buybacks going forward."

For more ratings news on PPG Industries click here and for the rating history of PPG Industries click here.

Shares of PPG Industries closed at $72.35 yesterday.

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