Deutsche Bank analyst David Begleiter raised the firm’s price target on Quaker Houghton to $200 from $185 and keeps a Buy rating on the shares. The firm says its meetings with Quaker’s CEO reinforced confidence that the company’s “best-in-class” industry performance will continue to be underpinned by its resilient, service intensive, customer-intimate and asset-light business model. The firm believes there is upside to our above consensus estimates in 2024 and 2025 from potentially lower raw material costs and recovering volumes.
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