Quaker Chemical Corporation (KWR) PT Lowered to $185 at Jefferies

Jefferies analyst Laurence Alexander lowered the price target on Quaker Chemical Corporation (NYSE: KWR) to $185.00 (from $209.00) while maintaining a Hold rating.

The analyst commented: "With gross margins recently crossing above Quaker Houghton's longer-term target, share gains, economies of scale and capital returns are likely the main litmus tests for relative share performance in 2024-2026. Strength across Asia appears to be offsetting weakness in other regions, with end-markets likely overall flat in 2024."

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