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BUZZ-PPG Industries gain as Mizuho raises price target

Reuters
Feb 12
BUZZ-PPG Industries gain as Mizuho raises price target

** Shares of global paint supplier PPG Industries PPG.N gain 1.5% to $133 premarket

** New PT represents ~7% upside to stock's last close

** Brokerage sees PPG as better positioned than coming Akzo and Axalta combination due to stronger aerospace business, better decorative and architectural mix and cost discipline

** Raises PT to reflect higher peer multiple average

** "PPG's aerospace presence is much broader", brokerage says with regards to upcoming peer merger of Akzo & Axalta

** 12 of 26 brokerages rate stock "buy" or higher and 14 "hold"; median PT is $125- data compiled by LSEG

** In 2025, PPG was down 14.2%

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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