From Financial Modeling Prep: 2025-04-15 17:08:00

PPG Industries (NYSE:PPG) saw a 2% drop in shares as BofA Securities downgraded the stock to Neutral with a new price target of $126. The firm predicts a rise in coatings raw material prices by 2026, driven by increased costs for tin plate and epoxy resin, compounded by tariff impacts.

Despite PPG’s sale of its North American architectural coatings business, its Mexico-based Comex segment could face challenges from tariffs slowing the Mexican economy. The automotive OEM and refinish segments may also be at risk in a potential downturn due to consumer demand sensitivity. BofA is cautious on PPG due to rising inflation risks and economic uncertainty.



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