Ingevity Corporation shares are trading lower after BMO Capital downgraded the stock from Outperform to Market Perform and lowered its price target from $71 to $80.
Portfolio Pulse from Benzinga Newsdesk
Ingevity Corporation's stock has been downgraded by BMO Capital from Outperform to Market Perform, with a reduced price target from $71 to $80. This has led to a decrease in the trading price of Ingevity shares.
August 07, 2023 | 2:37 pm
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Ingevity Corporation's stock has been downgraded by BMO Capital, leading to a decrease in its trading price.
The downgrade of Ingevity Corporation's stock by BMO Capital from Outperform to Market Perform and the reduction of its price target from $71 to $80 has led to a decrease in the trading price of the stock. This is likely to have a negative impact on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100