Citi Raises PPG Industries Target to $125, Reiterates Neutral Rating

Analyst
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Summary · why it matters

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.

Impact on stocks 4

Critical Materials & Supply Chain · 1 stocks
PPG Industries Inc
PPG
▲ PositiveCapitalrelevance

Citi raised price target to $125 and BMO raised to $140 with Outperform, citing confidence in aerospace business.

Climate Adaptation & Water · 1 stocks
Ecolab Inc
ECL
▲ PositiveCapitalrelevance

Citi named Ecolab its top pick in the specialty chemicals sector update.

Fusion Energy · 1 stocks
Linde plc Ordinary Shares
LIN
▲ PositiveCapitalrelevance

Citi initiated a pair trade favoring Linde over Air Products, implying relative outperformance.

Energy Transition & Power Demand · 1 stocks