Barclays Downgrades PPG Industries (PPG) to Equalweight on Near-Term Overhang

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Go back to Barclays Downgrades PPG Industries (PPG) to Equalweight on Near-Term Overhang

PPG to review strategic alternatives for architectural coatings business in the U.S. and Canada

February 26, 2024 7:00 AM EST

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE: PPG), a global leader in paints, coatings, and specialty materials, today announced that it has engaged Goldman Sachs & Co. LLC as financial advisor to assist in a review of strategic alternatives for its architectural coatings business in the U.S. and Canada.

PPGs architectural coatings business in the U.S. and Canada, which operates within the companys performance coatings segment, is an industry leader in residential and commercial architectural coatings through its well-known portfolio of brands, including GLIDDEN®, OLYMPIC®, LIQUID NAILS®, HOMAX®, PITTSBURGH PAINTS & STAINS®, Manor... More