** 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
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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