Seaport Research lowered the firm’s price target on Quaker Houghton (KWR) to $205 from $210 and keeps a Buy rating on the shares. The company is struggling as underlying market weakness in auto, steel, and industrial markets weigh on its earnings, the analyst tells investors. In the long-term, the firm believes a combination of share gains, improving mix, digital initiatives, and capital deployment can drive both earnings leverage as well as shareholder value creation.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- 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 $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
- Quaker Chemical (KWR) Q3 Earnings Cheat Sheet