PPG upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Michael Leithead upgraded PPG Industries to Overweight from Equal Weight with an unchanged price target of $160. Chemical demand is “still tepid and outlooks are muted,” but there is more value opportunities emerging from equity mispricings, the analyst tells investors in a research note. The firm upgraded PPG and Ball, seeing “compelling, multi-year entry points.”