PPG Industries price target raised to $154 from $133 at Susquehanna Susquehanna raised its price target on PPG Industries (PPG) to reflect the acquisition of Akzo N.A. (AKZOY) architectural coatings business and the significant return of cash to shareholders after its exit of the chlor-alkali business in 2013. Shares are Positive rated.
PPG Industries sees 2015 FX cutting revenue $650M-$750M Sees 2015 FX cutting earnings $65M-$75M. Impact seen more prevalent in Q2, Q3 due to seasonality of businesses. FY15 EPS consensus $11.51, FY15 revenue consensus $16.81B. Guidance from slides presentation.