Citi analyst Eric Petrie raised the firm’s price target on H.B. Fuller to $72 from $65 and keeps a Neutral rating on the shares. The company’s Q4 miss and weak Q1 guidance were attributed to unexpected softness in China, customer destocking and headwinds from higher interest rates, the firm tells investors in a research note. The analyst remains on the sidelines citing low visibility.
Published first on TheFly
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