Deutsche Bank reaffirmed its Buy recommendation on H.B. Fuller Company, increasing the 12-month price target from $70 to $72. This action reflects the bank’s confidence in the company’s adhesive and specialty chemicals portfolio, particularly its exposure to construction, packaging and electronics end markets. The new target represents a 2.9% increase over the prior level, underscoring expectations for renewed top‐line momentum in the year ahead.

For the quarter ended November 2025, H.B. Fuller reported adjusted earnings per share of $1.28, surpassing consensus estimates of $1.24 and marking a 39% jump from last year’s $0.92. While reported revenue of $894.8 million fell short of the $901.3 million estimate, the decline of 3.1% year-over-year was largely attributed to the divestiture of its flooring adhesives business. On an organic basis, net revenue grew by 0.9%, driven by higher selling prices in key regions.

Adjusted EBITDA rose 14.6% year-over-year to $170 million, with the margin expanding by 290 basis points to 19.0%. Management cited a combination of pricing actions, raw material cost reductions, synergies from recent acquisitions and ongoing restructuring initiatives as primary drivers. For fiscal 2026, the company forecasts flat to 2% revenue growth, adjusted EBITDA in the range of $630 million to $660 million and full-year adjusted EPS between $4.35 and $4.70.

H.B. Fuller’s debt-to-equity ratio stands at approximately 1.06, indicating a balanced use of leverage relative to equity capital, while the current ratio of 1.93 underscores ample liquidity to cover short‐term obligations. The company’s market capitalization is near $3.43 billion, and recent trading volumes have averaged over 1.3 million shares per session, signaling active investor engagement as stakeholders evaluate growth opportunities in specialty adhesives.