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Fly News Breaks for July 19, 2019
PPG
Jul 19, 2019 | 09:38 EDT
SunTrust analyst James Sheehan raised his price target on PPG to $123 after its Q2 earnings beat, saying that in spite of the headwinds from automotive and slowing industrial production, the company has expanded its margins thanks to its "strong" pricing execution and cost cutting. The analyst also maintains his Hold rating on the stock, noting that valuation should remain range-bound until there is more visibility on demand recovery in construction and auto end markets.