Gabelli Upgrades HB Fuller (FUL) to Buy; Detailed and Realistic 2015 Vision

Gabelli upgraded HB Fuller (NYSE: FUL) from Hold to Buy with a price target of $34.00.

Gabelli analyst said, "We are more positive on FUL given management’s detailed and realistic picture of its 2015 “vision”. We are upgrading our rating to Buy, following the company’s analyst day in NY on July 14, 2011 when we met with members of the new management team...EPS should reach $3.60 if the above projections are achieved (vs $1.60 in 2010), a CAGR of 15% (vs a previous projection of 10-15%), and ROIC of 14% from 9.5% in 2010. We project 2015 EPS of $2.70."

For more ratings news on HB Fuller click here and for the rating history of HB Fuller click here.

Shares of HB Fuller closed at $24.07 yesterday.

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