Analyst Downgrades H.B. Fuller
New York, NY, January 29, 2008--An analyst downgraded the shares of H.B. Fuller, saying the maker of adhesives, sealants and other specialty chemicals faces weak demand in North America and high raw-material prices.
Michael J. Sison, an analyst for KeyBanc Capital Markets, said he expects volume will be down 4 percent this year.
However, he noted that H.B. Fuller has withstood a difficult economic environment so far and will likely be capable of earnings growth this year.