As previously reported, Baird downgraded H.B. Fuller to Neutral from Outperform with an unchanged price target of $80. The firm cites year-to-date outperformance against a backdrop of “rapid volatility that has severely weighed on other portions of our coverage,” stating that its margin expansion thesis for H.B. Fuller “has unfolded.”
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Read More on FUL:
- H.B. Fuller downgraded to Neutral from Outperform at Baird
- H.B. Fuller price target raised to $90 from $85 at Seaport Research
- H.B. Fuller falls 4% to $65.11 after Q3 earnings miss, guidance cut
- H.B. Fuller narrows FY23 EPS view to $3.80-$3.90 from $3.80-$4.20
- H.B. Fuller reports Q3 EPS $1.06, consensus $1.14
