H.B. Fuller down after Baird cuts PT on macro uncertainty

Shares of adhesive manufacturing and specialty chemical company H.B. Fuller FUL.N down 3.8% to $55.45

Baird cuts price target to $60 from $73

While there is enormous near-term uncertainty as it relates to the operating environment, we believe that FUL is executing its internal self-improvement initiatives - brokerage

FUL highlights limited direct exposure specific to tariffs since products are made and sold locally, the latter is a moot point in context of crossborder shipments at the customer level, Baird says

Given the current macroeconomic uncertainty, Baird remains comfortable with "neutral" rating on FUL

FUL has fallen over 15% YTD, as of last close