H.B. Fuller price target raised to $90 from $80 at Baird

Baird raised the firm’s price target on H.B. Fuller to $90 from $80 and keeps a Neutral rating on the shares. The firm said while the company is delivering on impressive margin expansion across the consolidated portfolio, accelerating volumes are the key to ensuring margin resilience from our perspective and the primary catalyst for the shares; noting that the aggregate fundamental backdrop remains mixed as highlighted by a dislocation in Europe during 1FQ24, offset in part by incremental strength in China.