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Jefferies Reiterates Buy on PPG Industries (PPG) Following In-Line 2Q - PT to $129

July 22, 2016 9:02 AM EDT

Jefferies reiterated a Buy rating on PPG Industries (NYSE: PPG), and raised the price target to $129.00 (from $127.00), following the company's 2Q earnings report. EPS of $1.85 was in line with consensus. F/X was a $0.04 headwind to EPS.

Analyst Laurence Alexander commented, "Q2 was... More