PPG shares rise 5.25% intraday as Bernstein and others raise price targets citing Q4 revenue beat despite EPS miss.

PPG Industries surged 5.25% intraday following analyst upgrades and strong Q4 revenue. Bernstein raised its price target to $130 from $123 with an "Outperform" rating, citing a revenue beat despite an EPS miss, while UBS and RBC also increased targets. The firm highlighted robust performance in Aerospace and Protective & Marine segments, $100 million in Industrial market share gains, and cost reductions. PPG’s stock hit a 52-week high of $120.93, reflecting a 13.66% year-to-date gain, underscoring investor confidence. A JPMorgan price target hike to $126 and broader market optimism further supported the rally. Despite concerns over Refinish segment destocking and rising costs, the positive earnings revision and analyst optimism drove the intraday surge.