Keybanc Initiates Coverage of PPG Industries at Overweight
Fintel reports that on September 11, 2026, Keybanc initiated coverage of PPG Industries (NYSE:PPG) with a Overweight recommendation. PPG Industries, Inc., based in the United States, is a global leader in the paints, coatings, and specialty materials sector. With a heritage dating back to 1883, this company's extensive product portfolio serves a wide range of industries, including automotive, industrial, aerospace, and consumer markets.
The stock recorded a pre-action close of $105.05 on September 10, 2026, which also represents its latest close. Over a one-week period, the stock experienced a price change of -5.15% relative to a baseline close of $110.75 on September 3, 2026. Over a one-month period, the stock recorded a price change of -9.03% from a baseline close of $115.48 on August 10, 2026.
The individual rating from Keybanc stands alongside broader market consensus data. As of August 28, 2026, the current consensus target mean for the stock was $128.83, with a median target of $127.50, representing an implied change percent of +22.64%. This current mean target reflects a consensus target revision percent of +0.50% from the prior consensus target mean of $128.19 recorded on August 5, 2026.
In terms of aggregate analyst recommendations, the current recommendation period as of September 1, 2026, shows a total of 30 recommendations, consisting of 4 strong buy, 11 buy, and 15 hold recommendations, resulting in a positive percent of 50.0% and a hold percent of 50.0%.
PPG Industries last reported earnings on July 28, 2026. The company reported an actual earnings per share (EPS) of 2.23, compared to an estimated EPS of 2.2777, representing an EPS surprise percent of -2.09%. Actual revenue for the quarter was $4,495,000,000,000,000.00, compared to an estimated revenue of $4,408,352,999,000,000.00.
According to the company's Form 10-Q filed with the SEC on July 29, 2026, for the quarterly period ended June 30, 2026, net sales were $4,495, while income from continuing operations was $442, with values in millions. Additionally, an EX-99 filing dated July 28, 2026, reported that the Global Architectural Coatings segment achieved net sales of $1,098 and segment income of $185 for the second quarter of 2026. The Performance Coatings segment recorded net sales of $1,619 and segment income of $329, while the Industrial Coatings segment recorded net sales of $1,778 and segment income of $229 for the second quarter of 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 11, 2026 | Keybanc | Overweight | initiated coverage |
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This story originally appeared on Fintel.