Barclays analyst Michael Leithead lowered the firm’s price target on PPG to $158 from $160 and keeps an Overweight rating on the shares post the Q3 report. While core EBIT improved slightly less than anticipated, PPG still offers an attractive 2024 story with bottoming volumes, further price/cost tailwinds, and underappreciated cash flow, the analyst tells investors in a research note.
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