PPG price target lowered to $135 from $150 at Wells Fargo

Wells Fargo lowered the firm’s price target on PPG (PPG) to $135 from $150 and keeps an Overweight rating on the shares. The firm says that while it has been on the wrong side of PPG’s EPS growth and stock performance, it reiterates a bullish rating as it expects volume growth to turn positive in 2025 and as the stock has underperformed its peers.