PPG Industries (PPG) PT Raised to $140 at Bernstein

Bernstein SocGen Group analyst James Hooper raised the price target on PPG Industries (NYSE: PPG) to $140.00 (from $139.00) while maintaining a Outperform rating.

The analyst commented: "PPG shares are down ~5% since reporting 2Q25 results (see our first take and conference call wrap), and we don’t believe this is for fundamental reasons. We therefore make minor changes to our model and Price Target, and reiterate our Outperform rating, as set out in PPG and Akzo Nobel deep dive: Thinking outside the can, now with more upside.

We rate PPG Outperform. We see the PPG story as little changed after the 2Q25 print. We therefore make minor revisions to our model (FY25E EPS and FY26E EPS increase 2c and 1c, respectively) and no change to our valuation methodology (17x NTM P/E), so our price increases by $1 to $140. After the share price decline, we see more upside, and reiterate our Outperform rating."

You May Also Be Interested In

• Zscaler (ZS) PT Raised to $190 at FBN Securities
• DA Davidson Reiterates Neutral Rating on UiPath Inc. (PATH)
• Asana (ASAN) PT Raised to $9 at DA Davidson, Neutral Rating Maintained