PPG price target raised to $150 from $142 at Barclays

Barclays analyst Michael Leithead raised the firm’s price target on PPG to $150 from $142 and keeps an Equal Weight rating on the shares. The company reported a quarter that the coatings bulls had been waiting for, as price/cost finally started to inflect positively, more than offsetting a tepid demand environment, the analyst tells investors in a research note. The firm views PPG’s fiscal year earnings guidance as conservative.