PPG price target raised to $142 from $130 at Barclays

Barclays raised the firm’s price target on PPG to $142 from $130 and keeps an Equal Weight rating on the shares. Investor conviction in U.S. chemical names is low entering earnings season as demand is "uneven," but energy cost relief should help, tells investors in a research note. However, valuations are "not as defensive or cheap" as it was on January 1, adds the firm. It does not think "it’s the time to be a hero" and continues to pick spots in the group.