The analyst firm raised its 2014 EPS estimates for the chemical company to $9.61 a share from $9.51 a share. Jefferies raised its EPS estimates for PPG Industries to $11.37 a share for 2015 and $12.76 a share for 2016, up from $11.11 a share and $12.49 a share, respectively.
"We expect PPG's end-markets to remain consistent into year-end, with strength in China, solid growth in North America and Mexico, sluggish trends in Europe (and France particularly weak), and persistent erosion in South America," Jefferies analysts wrote. "Underlying trends probably remain solid in aerospace (esp. military) and auto OEM (4%-5% growth in 2015 appears plausible)."
Separately, TheStreet Ratings team rates PPG INDUSTRIES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate PPG INDUSTRIES INC (PPG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."