RBC Capital raised the firm’s price target on Quaker Houghton to $223 from $200 and keeps an Outperform rating on the shares. The company continues to execute on pricing, manage costs, and expand margins, reported an earnings beat in Q4, the analyst tells investors in a research note. Quaker Houghton is also guiding to sequential earnings improvement in Q1, while most of its peers are guiding to a softer quarter, the firm added, boosting its FY24 EPS view to $8.63 from $8.44.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KWR:
- QUAKER HOUGHTON ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- Quaker Houghton reports Q4 non-GAAP EPS $1.78, consensus $1.67
- Quaker Houghton Announces Quarterly Dividend and $150 Million Stock Repurchase Authorization
- Quaker Houghton announces $150M share repurchase plan
- KWR Earnings this Week: How Will it Perform?
