UPDATE: Jefferies Raises PT on PPG Industries on Solid Q1 Results, Bolstered Outlook

In a report published Monday, Jefferies analyst Laurence Alexander reiterated a Buy rating on PPG Industries (NYSE: PPG ), and raised the price target from $163.00 to $165.00. In the report, Alexander noted, “PPG delivered a solid Q1 ($0.04 above consensus, $0.25 above our forecast), with productivity and share gains