PPG Industries price target raised to $228 from $215 at Jefferies Jefferies raised its price target for PPG Industries shares to $228 following the company's Q1 results. The firm believes the risk/reward on shares remains favorable and it keeps a Buy rating on the stock.
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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.