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Investing.com - BMO Capital has reiterated its Outperform rating and $130.00 price target on PPG Industries (NYSE:PPG) following meetings with the company’s leadership. According to InvestingPro data, the stock currently trades at $112.06, with analysts setting targets as high as $145, suggesting potential upside from current levels.
The research firm indicated it recently spent time with PPG (WA:IBSP)’s CEO Tim Knavish, gaining deeper insight into the factors expected to drive the company’s growth in coming years and the CEO’s overall vision for the organization.
BMO Capital believes PPG is in the "early innings" of realizing benefits from recent changes, as evidenced by the company posting consecutive quarters with volume growth.
The firm expects PPG’s earnings and overall performance to improve as these changes become fully implemented and realized over the coming years.
BMO Capital continues to see "solid upside" potential for PPG Industries, supporting its decision to maintain the Outperform rating on the stock.
In other recent news, PPG Industries reported its second-quarter 2025 earnings, revealing a slight miss on earnings per share (EPS) but exceeding revenue expectations. The company posted an EPS of $2.22, slightly below the forecast of $2.23, while revenue reached $4.2 billion, surpassing the anticipated $4.16 billion. Despite the positive revenue figures, the EPS miss has raised some concerns among investors regarding regional demand challenges. In analyst updates, Bernstein SocGen raised its price target for PPG Industries to $140, maintaining an Outperform rating. The firm noted that the recent decline in PPG shares is not attributed to fundamental issues. Meanwhile, BMO Capital lowered its price target to $130, also maintaining an Outperform rating, and highlighted PPG’s ability to drive core growth despite a challenging environment. Additionally, PPG announced the appointment of Joe Gette as the new general counsel, effective January 2026, succeeding Anne M. Foulkes, who will retire but continue to oversee special projects. These developments reflect ongoing strategic and financial adjustments within the company.
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