Local business briefs

December 7, 2007 at 2:24AM

KeyBanc's rosy outlook sends Fuller up 11% Shares of H.B. Fuller Co. rose sharply on Thursday after KeyBanc Capital Markets lifted its rating on the maker of adhesives and coatings to "aggressive buy," saying profit may top analysts' estimates. H.B. Fuller jumped $2.73, or 11 percent, to $26.65 in New York Stock Exchange composite trading. Before today, the shares had dropped 24 percent since Sept. 21. Sales outside the United States, combined with cost-cutting, will enable Vadnais Heights-based Fuller to exceed analysts' earnings estimates in the fourth quarter, said Michael Sison, a Cleveland-based analyst at KeyBanc who raised his rating from "buy." Profit is estimated to be 53 cents in the fourth quarter and $1.92 in 2008, according to the average of seven analysts surveyed by Bloomberg.

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Spencer Platt

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