BUZZ-H.B. Fuller down after Baird cuts PT on macro uncertainty

Reuters2025-03-29
BUZZ-H.B. Fuller down after Baird cuts PT on macro uncertainty

** Shares of adhesive manufacturing and specialty chemical company H.B. Fuller FUL.N down 3.8% to $55.45

** Baird cuts price target to $60 from $73

** While there is enormous near-term uncertainty as it relates to the operating environment, we believe that FUL is executing its internal self-improvement initiatives - brokerage

** FUL highlights limited direct exposure specific to tariffs since products are made and sold locally, the latter is a moot point in context of crossborder shipments at the customer level, Baird says

** Given the current macroeconomic uncertainty, Baird remains comfortable with "neutral" rating on FUL

** FUL has fallen over 15% YTD, as of last close

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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