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Fly News Breaks for September 27, 2019
FUL
Sep 27, 2019 | 08:22 EDT
As previously reported, Citi analyst Eric Petrie downgraded H.B. Fuller to Sell from Neutral, citing his view that achieving the company's 10% year-over-year EBITDA growth target could be more difficult in a slowing economy. He also prefers to take a "wait-and-see" approach on execution of the company's business realignment and he sees tougher year-over-year comps for the company's Engineering Adhesives business in 2020, Petrie tells investors. He cut his price target on H.B. Fuller shares to $41 from $48.
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