International. BMO Capital reiterated its "Best Performing" rating and a $130 price target on PPG Industries (NYSE: PPG) stock after holding meetings with the company's management. According to data from InvestingPro, the stock is currently trading at $112.06, while other analysts set targets of up to $145, reflecting upside potential versus current levels.
According to the entity, they recently met with PPG's CEO, Tim Knavish, which allowed them to obtain "a deeper insight into the factors that are expected to drive the company's growth in the coming years and the CEO's overall vision for the organization."
In its analysis, BMO Capital noted that PPG is in the "early stages" of profiting from recent changes, supported by consecutive quarters of volume growth. The firm added that it expects a progressive improvement in the company's profits and overall performance as these transformations take hold.
"BMO Capital continues to see strong upside potential for PPG Industries, supporting its decision to maintain the Best Performing rating for the stock," the report concluded.
In parallel, PPG Industries reported its results for the second quarter of 2025. The company posted earnings per share (EPS) of $2.22, just below the forecast of $2.23, while revenue came in at $4.2 billion, beating expectations of $4.16 billion.
The company also announced the appointment of Joe Gette as new general counsel effective January 2026, replacing Anne M. Foulkes, who will retire but will continue to collaborate on special projects.
