Quaker Houghton price target lowered to $135 from $150 at RBC Capital

RBC Capital lowered the firm’s price target on Quaker Houghton (KWR) to $135 from $150 but keeps an Outperform rating on the shares after its Q2 earnings miss. The company continues to gain market share as well as effectively integrate and cross-sell bolt-on acquisitions, despite weakness and negative growth in most of its end markets, the analyst tells investors in a research note.