Wunderlich Securities Raises Estimates For Quaker Chemical Corp.

In a report published Thursday, Wunderlich Securities analyst Liam D. Burke reiterated a Hold rating and $75.00 price target on Quaker Chemical Corp. (NYSE: KWR).

In the report, Wunderlich Securities noted, “Quaker (KWR) continues to execute on a consistent strategy that enables the company to grow revenues organically at about twice the rate of its core steel market. Quaker has a differentiated strategy of consultative selling that enables the company to support more than 200 applications worldwide. Through the increase of new applications and the development of new products and acquisitions, the company can expand its addressable markets. The company's geographic diversification and global platform enable it to provide its manufacturing, steel, and metalworking customers with a uniform product throughout the world. Our Hold rating on KWR shares is based on valuation.”

Quaker Chemical Corp. closed on Wednesday at $78.73.