H.B. Fuller price target raised to $115 from $110 at Stifel

Stifel raised the firm’s price target on H.B. Fuller to $115 from $110 and keeps a Buy rating on the shares. The firm believes the company provided “solid” guidance, shifting earnings growth to a combo of cost controls and operating leverage, the analyst tells investors. Management also remains adamant that it views mid-single-digit growth as achievable based on the company’s business wins. The messaging and guidance math shifts focus away from the exogenous price vs raw material trade that is important as a hedge in the current macro environment, but is less relevant in the longer-term, the firm adds.