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Fly News Breaks for November 30, 2016
FUL
Nov 30, 2016 | 06:54 EDT
As previously reported, JPMorgan analyst Jeffrey Zekauskas downgraded H.B. Fuller to Neutral from Overweight following the run-up seen in chemical companies with some exposure to the domestic construction industry or infrastructure spending. The whole subsector has "moved disproportionately" relative to the S&P index, and Fuller has a lower free cash flow yield relative to comparable companies, said Zekauskas, who keeps a $49 price target on the stock.
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