UPDATE: Jefferies Raises PT to $68 on Quaker Chemical Post Solid Q4

Jefferies maintained Quaker Chemical

with a Buy rating and raised the price target from $62.00 to $68.00. Jefferies said, "Quaker delivered a solid Q4 despite weak end markets and stiff raw material headwinds. Demand weakness and raw material pressure will likely be more of an issue in 1H13, but M&A and market share gains should continue to drive growth over the next few years faster than Quaker's main end markets. We reiterate our Buy rating and raise our price target $6 to $68." Quaker Chemical closed at $59.39 on Friday.