RBC Capital lowered the firm’s price target on Quaker Houghton (KWR) to $180 from $195 and keeps an Outperform rating on the shares after its Q3 earnings miss. The company saw some volume headwinds and lower price from cost pass-through in Q3, though the buyside expectations were likely lower given headwinds in Auto and Aerospace strikes, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KWR:
- Quaker Houghton price target lowered to $205 from $210 at Seaport Research
- Quaker Houghton price target lowered to $182 from $190 at Deutsche Bank
- Quaker Chemical’s Share Repurchase Program: Balancing Investor Returns Amid Financial Constraints
- Quaker Houghton Reports Third Quarter 2024 Results
- Quaker Houghton reports Q3 adjusted EPS $1.89, consensus $2.11