H.B. Fuller (FUL) Gets Higher Price Target from UBS on Earnings Optimism

With a 5-Year Average Dividend Growth Rate of 7.72%, H.B. Fuller Company (NYSE:FUL) is included among the Top 11 Dividend Kings to Buy for Safe Dividend Growth.

H.B. Fuller (FUL) Gets Higher Price Target from UBS on Earnings Optimism

On June 17, UBS raised the firm’s price recommendation on H.B. Fuller Company to $71 from $63. It reiterated a Neutral rating on the shares. The firm said it expects a beat and raise quarter, though the potential Advanced Medical Solutions deal remains an overhang.

On May 27, JPMorgan upgraded FUL to Neutral from Underweight. It kept an unchanged price target of $58. The firm said the company’s near-term share price performance could depend on whether H.B. Fuller moves ahead with the Advanced Medical Solutions transaction or begins a full review of strategic alternatives. JPMorgan cited valuation as the reason for the upgrade.

H.B. Fuller Company is a pure-play adhesives company. It operates as a formulator, manufacturer, and marketer of adhesives, sealants, and other specialty chemical products.

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