PPG Industries stock trades at EUR 92.84 as Citi cuts target

Published on 09/30/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citigroup cut its PPG Industries target to USD 118.00 on September 30, 2026, while retaining a neutral rating. Q2 revenue rose 7.20 percent year over year.

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PPG Industries stock (ISIN US6935061076) was trading at EUR 92.84 at Lang & Schwarz on September 30, 2026 at 4:30 p.m. CEST, down 0.68 percent versus the prior close of EUR 93.48. The same-day analyst move was cautious: Citigroup lowered its price target from USD 121.00 to USD 118.00 and retained a neutral rating, according to MarketBeat on September 30, 2026.

Citigroup lowers its target

Citigroup's USD 118.00 target remains above the USD 105.45 primary-exchange quote cited in the same MarketBeat report, but the reduction from USD 121.00 narrows the valuation cushion. MarketBeat said PPG had a consensus rating of Hold and a consensus price target of USD 126.62 on September 30, 2026.

The analyst revision gives investors a clear counterweight to PPG's improving sales trend. It also places more emphasis on whether the company can convert higher revenue into earnings within its stated fiscal-year framework.

Revenue grows in Q2 2026

PPG reported Q2 2026 revenue of USD 4.50 billion, up 7.20 percent from the prior-year quarter, while EPS of USD 2.23 came in below the USD 2.25 consensus estimate, according to MarketBeat. The company kept fiscal 2026 EPS guidance at USD 7.70-8.10, making the earnings conversion question more important than revenue alone.

PPG's Q2 revenue exceeded the USD 4.37 billion consensus estimate, even as EPS missed by USD 0.02. That combination points to stronger top-line delivery alongside pressure on quarterly profitability.

October earnings set the next test

PPG has scheduled its Q3 2026 earnings release for October 27, 2026, after US stock markets close, with the conference call set for October 28 at 8:00 a.m. ET, as Yahoo Finance reported on September 28, 2026. The release should provide the next concrete check on the USD 7.70-8.10 full-year EPS outlook.

PPG stock trades below its yearly high

PPG Industries was trading at EUR 92.84 at Lang & Schwarz on September 30, 2026 at 4:30 p.m. CEST, compared with a prior close of EUR 93.48. Its primary-exchange 52-week range was USD 93.39 to USD 133.43, and its market capitalization was USD 23.4 billion as of September 30, 2026.