KeyBanc initiates PPG Industries stock coverage at Overweight By Investing.com
Investing.com Canada
KeyBanc has initiated coverage on PPG Industries (NYSE: PPG) with an Overweight rating and a price target of $133.00, believing the stock is fundamentally mispriced and undervalued. Despite subdued earnings in recent years, the firm anticipates materially higher earnings in 2027-2028 due to improving industrial demand, aggressive pricing, and a potential bottoming of European housing demand. PPG has a strong record of raising dividends for 55 consecutive years, and KeyBanc sees minimal downside
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