PPG price target raised to $140 from $125 at Deutsche Bank

Deutsche Bank raised the firm’s price target on PPG (PPG) to $140 from $125 and keeps a Buy rating on the shares after meeting with management. The sale of PPG’s U.S. and Canada architectural paints business in December “removed a significant financial, resource, morale and investor sentiment drag on the company,” the analyst tells investors in a research note. The firm believes benefits of the company’s slimmed down and focused portfolio, share gains driven by its “strong foundation” of technology-advantaged products, and strengthening its “growth machine should become increasingly evident in the form of organic volume growth.”