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.
News For PPG;AKZOY From The Last 14 Days
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PPG completes acquisition of all Hi-Temp Coatings Technology assets PPG Industries announced that it has completed its previously announced acquisition of substantially all of the assets of Hi-Temp Coatings Technology. Financial terms were not disclosed. The acquisition enhances the product portfolio of PPG’s protective and marine coatings business, adding coatings that withstand extreme temperatures to protect both carbon steel and stainless steel substrates.