Credit Suisse analyst John Roberts raised the firm’s price target on PPG to $140 from $133 and keeps an Underperform rating on the shares. The firm cites upside in Q2 and the ongoing margin recovery for the price target increase, the analyst tells investors in a research note.
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Read More on PPG:
- PPG: Higher Q3 tax rate to have y/y impacted on adjusted EPS of 7c-9c
- PPG raises FY23 adjusted EPS view to $7.28-$7.48, consensus $7.27
- PPG sees Q3 adjusted EPS $1.85-$1.95, consensus $1.87
- PPG reports Q2 adjusted EPS $2.25, consensus $2.14
- PPG Industries options imply 3.7% move in share price post-earnings
