Wells Fargo Maintains Equal-Weight on Ingevity, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Sison maintains an Equal-Weight rating on Ingevity (NYSE:NGVT) and lowers the price target from $66 to $55.
May 23, 2023 | 10:28 am
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Wells Fargo analyst Michael Sison maintains an Equal-Weight rating on Ingevity and lowers the price target from $66 to $55.
The lowered price target from $66 to $55 by Wells Fargo analyst Michael Sison indicates a bearish outlook on Ingevity's stock. This news may negatively impact the stock price in the short term as it suggests a lower valuation for the company.
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