PPG price target lowered to $156 from $158 at RBC Capital

RBC Capital lowered the firm’s price target on PPG to $156 from $158 and keeps a Sector Perform rating on the shares after its Q4 results and below-consensus guidance. The company noted growth momentum in Mexico/Comex, aerospace, powder coatings, and technology-advantaged businesses, though the stock also trades at a “relatively fair valuation”, the analyst tells investors in a research note.