PPG price target raised to $160 from $150 at Baird

Baird analyst Ghansham Panjabi raised the firm’s price target on PPG to $160 from $150 and keeps an Outperform rating on the shares. The analyst said the investment profile for PPG Industries remains attractive, with earnings momentum favorably catalyzed by volume mean reversion for higher-margin verticals, macroeconomic improvement in China, and price:cost fueled margin expansion that is likely to boost operating leverage.