** Shares of global paint supplier PPG Industries PPG.N rise 4% to $108.01 premarket
** Co beat Q1 profit estimates on higher sales at its performance coatings segment
** PPG posts Q1 adjusted profit of $1.72/shr vs analyst expectation of $1.62/shr- data compiled by LSEG
** Performance coatings segment net sales rose to $1.27 billion compared with $1.18 billion a year earlier
** PPG expects to deliver $75 million in annual savings this year, along with additional cost management actions
** Brokerage Mizuho raises price target to $125 from $118; implying a 20.4% upside to stock's last close
** As of last close, company's shares are up 29.7% YTD
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
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