RBC Capital Trims PPG Target as Macro Uncertainty Persists

Group 1 - PPG Industries, Inc. is recognized as one of the 15 Dividend Stocks to Buy for Steady Income, indicating its potential for reliable returns [1] - RBC Capital has lowered its price target for PPG from $115 to $114 while maintaining a Sector Perform rating, citing uneven demand across industrial end markets and potential headwinds from the Iran conflict extending into Q2 [2][8] - PPG announced a collaboration with IPG Photonics Corporation and Whirlpool Corporation to advance laser curing systems for powder coatings, aiming to reduce costs and environmental impact while improving production speed [3] Group 2 - The laser curing process utilized by PPG differs from traditional thermal methods by using infrared light for crosslinking, resulting in shorter curing times and lower energy consumption [4] - PPG has expanded its powder coatings business, operating 21 powder manufacturing plants, seven bonding facilities, a powder resin plant, a research and development center, and a Global Center of Excellence [5]