PPG Industries IncCiti raised price target to $125 and BMO raised to $140 with Outperform, citing confidence in aerospace business.
Citi raised its price target on PPG Industries to $125 from $114 while reiterating a Neutral rating as part of a broader specialty chemicals sector update ahead of second-quarter earnings. The firm named Ecolab its top pick and initiated a pair trade favoring Linde over Air Products. Separately, BMO Capital lifted its target to $140 from $135 with an Outperform rating, citing increased confidence in PPG's aerospace business after a detailed segment presentation. Analyst John McNulty noted PPG is well-positioned across commercial, business, and military aerospace markets, serving both aftermarket and OEM channels, and stands to benefit from multiple growth trends.
PPG Industries IncCiti raised price target to $125 and BMO raised to $140 with Outperform, citing confidence in aerospace business.
Ecolab IncCiti named Ecolab its top pick in the specialty chemicals sector update.
Linde plc Ordinary SharesCiti initiated a pair trade favoring Linde over Air Products, implying relative outperformance.
Air Products and Chemicals IncCiti initiated a pair trade favoring Linde over Air Products, implying relative underperformance.