PPG Industries’ COO Meeting Takeaways
<p>Deutsche Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/PPG'>PPG Industries, Inc. (NYSE:PPG)</a> following their meeting with the COO Tim Knavish.</p>
<p>According to the analysts, the meeting reinforced their confidence that the company is well positioned to generate earnings growth in 2023 as (1) price/cost should be a tailwind and (2) pent-up demand in the 40% of the company's portfolio that is still below pre-pandemic levels (Auto OEM, Refinish, Aerospace) should drive volume growth in these businesses even with potential recessionary conditions in the US and Europe. </p>
<p>With the stage set for an improved 2023, notwithstanding a challenging macroeconomic backdrop, and valuation of an attractive 15.3x 2023 EPS estimate, the analysts reiterated their Buy rating.</p>

NYSE:PPG