PPG well positioned and remains a Top Pick, says Baird

Baird analyst Ghansham Panjabi said the broad set of variables that drove PPG‘s 1Q earnings outperformance should boost investor sentiment on the shares and Coatings peers, noting that the company is well-positioned to deliver on a long-tailed period of strong operating leverage as high-margin end-markets such as Aerospace start to recover, catalyzed by China re-opening. Baird reiterates PPG as a Top Pck, maintans its Outperform rating and $150 price target on the shares.