PPG price target lowered to $130 from $143 at BMO Capital

BMO Capital lowered the firm’s price target on PPG (PPG) to $130 from $143 but keeps an Outperform rating on the shares after its Q4 earnings miss. After clearing the decks following the U.S. Arch and Silicas divestitures, all eyes will be on PPG’s ability to drive growth and maintain capital discipline, the analyst tells investors in a research note. Despite the stagnant macro, PPG is calling for a gradually improving 2025 as new account wins should help the company see its top line and operating leverage lift throughout the year, BMO added.