PPG price target raised to $166 from $152 at Mizuho

Mizuho analyst Christopher Parkinson raised the firm’s price target on PPG to $166 from $152 and keeps a Buy rating on the shares. The majority of end markets for the coatings sector are trending positively and price/cost dynamics for the second half of 2023 are proving more favorable versus guidance levels, the analyst tells investors in a research note.