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Research Alert: CFRA Maintains Buy Opinion On Shares Of Ppg Industries
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Research Alert: CFRA Maintains Buy Opinion On Shares Of Ppg Industries
May 4, 2026 11:47 AM

02:40 PM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We decrease our 12-month target by $12 to $127, 15.1x our 2027 EPS estimate, equal to PPG's three-year average forward P/E. We trim our EPS estimates by $0.17 to $7.95 for 2026 and by $0.56 to $8.41 for 2027. PPG delivered its fifth consecutive quarter of organic sales growth, demonstrating improving commercial execution across its differentiated portfolio. The aerospace business remains a key growth driver with a $315M backlog and double-digit growth expected to continue given strong OEM and aftermarket demand. We view favorably PPG's ability to offset mid-single-digit COGS inflation through pricing actions faster than prior cycles, supported by its scale and distribution model. While refinish volumes face difficult 1H comps, claims data suggest market normalization is underway. Management reaffirmed 2026 EPS guidance of $7.70-$8.10 despite macro headwinds. We see value in PPG's balanced portfolio, ongoing share gains in auto OEM and packaging, and structural cost actions including European plant closures.

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