PPG Industries gain as Mizuho raises price target

PPG Industries

12/02/2026 12:11

** 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))