RBC Capital analyst Arun Viswanathan raised the firm’s price target on Quaker Houghton (KWR) to $157 from $151 and keeps an Outperform rating on the shares. The company posted a relatively in-line Q2 result but saw a positive stock reaction given concerns around Q2 headwinds, which Quaker should offset through higher price, the analyst tells investors in a research note.
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Read More on KWR:
- Quaker Chemical’s $150 Million Buyback Plan Raises Concerns Over Liquidity, Debt Covenants, and Downside Risk
- Quaker Chemical Earnings Call Highlights Growth, Cost Push
- Quaker Houghton reports Q1 adjusted EPS $1.63, consensus $1.62
- Is KWR a Buy, Before Earnings?
- Quaker Houghton initiated with a Buy at Freedom Capital