- Mizuho analyst Christopher Parkinson keeps Buy rating on PPG Industries, Inc. (NYSE:PPG), raising the price target to $152 from $151.
- The analyst notes that PPG is confident in building a solid price/cost momentum, followed by an eventual restoration of margins (steady multi-yr bridge to the prior peak).
- Auto OEM results are also tracking well as PPG is outperforming build rates (customer wins, particularly in Europe), the analyst notes.
- The analyst also retains a constructive view on the Refinish platform, driven by new business wins, growing backlogs and strong value proposition).
- These apart, the analyst expects pricing to be moderate throughout the year, though management appears fully confident it will retain “positive price.”
- PPG assumes modest deflation in 2Q, which remains the most powerful profit lever to which investors are beginning to ascribe more credit.
- Further, PPG is reaching an inflection point on margins as carryover pricing (+ increases in PC), manufacturing efficiency (healthier supply chains), mix enrichment (Aero, Refinish) and raw material neutralization (morphs to firm tailwind in 2Q/2H) flow through results.
- Price Action: PPG shares are trading higher by 0.27% at $142.37 on the last check Monday.
Reported Late Wednesday March 08, FTAI Aviation Ltd. Prices Its $65M Public Offering Of 2.6M Preferred Shares At A Price Of $25/Share
FTAI Aviation Ltd. (NASDAQ:FTAI) (the "Company" or "FTAI") announced today that it has priced its previously announced registered underwritten public offering of 2,600,000 Fixed-Rate Reset Series D
