PPG price target raised to $162 from $159 at KeyBanc

KeyBanc analyst Aleksey Yefremov raised the firm’s price target on PPG to $162 from $159 and keeps an Overweight rating on the shares. The firm is encouraged by the recovery PPG is seeing in aerospace and auto end markets, as well as the additional tailwinds from lower raw material costs it’s likely to see in the coming quarters, the analyst tells investors in a research note.