PPG price target raised to $171 from $169 at KeyBanc

KeyBanc analyst Aleksey Yefremov raised the firm’s price target on PPG to $171 from $169 and keeps an Overweight rating on the shares. The firm continues to expect costs to inflect further down, leading to sizable margin recovery in 2H and 2024, which will likely overshoot current estimates, the analyst tells investors in a research note.