Jefferies Trims Numbers on Quaker Chemical (KWR) After Q4

Jefferies trimmed estimates and its price target on Quaker Chemical Corporation (NYSE: KWR) from $48 to $43 after Q4 EPS of $0.75, or $0.05 below the consensus. However, the firm maintained their Buy rating.

The firm comments, "Segment results were better than expected, offset by higher corporate expense due to the timing of compensation accruals. Given soft demand in emerging markets, raw materials pressures and F/X, we are lowering 2012E $0.25 to $3.30."

For an analyst ratings summary and ratings history on Quaker Chemical Corporation click here. For more ratings news on Quaker Chemical Corporation click here.

Shares of Quaker Chemical Corporation closed at $37.53 yesterday.

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