PPG Industries (PPG) PT Raised to $115 at Deutsche Bank
Deutsche Bank raised its price target on PPG Industries (NYSE: PPG) to $115.00 (from $110.00) while maintaining a Hold rating following the company's 2Q.
EPS, ex lower Corporate Expense and higher Legacy Income, missed by 7% and volumes were flat. The EPS miss was due to higher raw materials which were only partially offset by price increases.