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.
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.