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Investing.com - JPMorgan raised its price target on PPG Industries (NYSE:PPG) to $117.00 from $112.00 on Friday, while maintaining an Overweight rating on the coatings manufacturer. The new target suggests significant upside potential from PPG’s current price of $95.20, which is trading near its 52-week low of $90.24.
The price target increase comes after a period earlier in 2025 when investors expressed concern about PPG’s reduced interest-rate sensitivity following the divestiture of its North American architectural coatings business.
JPMorgan noted this reduced exposure to interest rates could actually benefit PPG, as the company "now lacks the degree of interest rate risk of Sherwin and RPM in the event of rising rates." According to InvestingPro data, PPG currently appears undervalued compared to its Fair Value estimate, with a solid financial health score rated as "GOOD."
The investment bank highlighted PPG as standing out among underperforming Materials companies in 2025, identifying it as "a possible winner for 2026." Despite a challenging year with YTD returns of -18.2%, PPG has maintained its impressive 55-year streak of consecutive dividend payments, currently yielding 2.98%.
PPG Industries, which manufactures paints, coatings, and specialty materials, has been repositioning its business portfolio through strategic divestitures and acquisitions in recent years. Management has also been aggressively buying back shares, potentially signaling confidence in the company’s future prospects.Investors looking for deeper analysis can access PPG’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro, which provides essential metrics and expert insights for smarter investment decisions.
In other recent news, PPG Industries reported its third-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $2.13, exceeding the forecasted $2.09. Revenue also outperformed projections, reaching $4.08 billion. Despite these positive financial results, PPG Industries’ stock experienced a decline, which occurred amid broader market uncertainties. Additionally, the company expressed a cautious outlook for the upcoming quarters. These developments come as investors closely monitor the company’s performance and future prospects.
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