PPG Industries upgraded to Outperform from Sector Perform at RBC Capital RBC Capital upgraded PPG Industries based on growth potential as it transforms towards a high growth paint and opticals company. Price target raised to $160 from $130.
News For PPG From The Last 14 Days
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PPG Industries to sell Mt. Zion float glass manufacturing facility PPG Industries announced that it has reached a definitive agreement to sell substantially all the assets of its Mt. Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. The sale is expected to close in the third quarter 2014, subject to customary closing conditions. Financial terms were not disclosed. The sale of the Mt. Zion facility is consistent with the strategic initiative by PPG’s flat glass business to focus on its higher-technology, coated glass capabilities for residential and commercial construction application.