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Fly News Breaks for January 8, 2016
PPG
Jan 8, 2016 | 08:03 EDT
JPMorgan analyst Jeffrey Zekauskas calls PPG Industries a good stock selection for 2016. A 5% decrease in oil based raw materials could contribute $120M in pretax benefits or 35c per share to earnings, Zekauskas tells investors in a research note. Further, the company is likely to settle its long-standing asbestos liabilities in 2016, the analyst notes. He keeps an Overweight rating on PPG with a $110 price target.