H.B. Fuller price target lowered to $80 from $85 at Baird

Baird analyst Ghansham Panjabi lowered the firm’s price target on H.B. Fuller to $80 from $85 and keeps an Outperform rating on the shares. The analyst believes they are well-positioned to navigate the mixed operating backdrop at current, led in part by a significant pricing contribution and strong balance sheet which offsets against a likely near-term moderation in volumes as supply chain inventory levels are realigned.