Jefferies Starts PPG Industries (PPG) at Hold

Jefferies initiates coverage on PPG Industries (NYSE: PPG) with a Hold. PT $90.00.

The firm said, "We expect cyclical concerns to mask the structural improvement in PPG's portfolio for the next 3-6 months, suggesting there could be a better opportunity to build a position in a company with improving returns, a strong FCF profile, and favorable end-market dynamics. We are initiating coverage with a Hold rating and $90 price target."

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 $85.30 yesterday.

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