PPG Industries (PPG) Stock: $150 Price Target And Equal-Weight Rating

By Amit Chowdhry ● May 2, 2022
  • The shares of PPG Industries, Inc. (NYSE: PPG) have received a $150 price target from Barclays. These are the details.

The shares of PPG Industries, Inc. (NYSE: PPG) have received a $150 price target from Barclays. And Barclays analyst Michael Leithead is maintaining an “Equal-Weight” rating on the shares. 

Leithead adjusted the rating upon noting that the first quarter results in U.S. chemicals have broadly been solid with cautious optimism from most companies, despite an uncertain macro backdrop. And nearly all the fiscal year guides were raised less than the first quarter outperformance. But Leithead does not believe this portends the second half of the 2022 slowdown. He believes this creates some cushion in current fiscal year estimates.

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