Deutsche Bank Raises Price Target on HB Fuller (FUL) Following Earnings
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Deutsche Bank raised its price target on shares of HB Fuller (NYSE: FUL) from $18 to $23 following the company's Q3 results last night. The firm maintains a Hold rating.
The firm noted that volume was still under pressure during last quarter, but that execution on its cost structure strengthen potential. While Deutsche said it likes that HB Fuller has continued to attractive new business, it is concerned with soft demand and fading raw materials tailwinds.
H.B. Fuller Company manufactures and markets adhesives and specialty chemical products worldwide.
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