Ingredion's Growth Strategy To Please Health-Conscious Consumers Can Make It A Winner: Analyst
Portfolio Pulse from Lekha Gupta
Oppenheimer analyst Kristen Owen initiated coverage on Ingredion Inc (NYSE:INGR) with an Outperform rating and a price target of $120. The analyst believes Ingredion's investments in health-conscious products will drive growth and revenue diversification. Owen expects the company's volume recovery to lag modestly but sees near-term affordability alignment facilitating margin expansion. The analyst estimates revenue and adjusted EPS of $8.4 billion and $8.91 for FY23, $8.7 billion and $9.60 for FY24, and $8.9 billion and $10.24 for FY25, respectively.
September 29, 2023 | 7:04 pm
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Oppenheimer analyst Kristen Owen initiated coverage on Ingredion Inc with an Outperform rating and a price target of $120. The analyst's positive outlook on the company's growth strategy and revenue diversification could potentially boost the stock's performance.
The analyst's positive outlook on Ingredion's growth strategy and revenue diversification, along with a high price target, indicates a potential increase in the stock's performance. This is likely to attract investors, thereby driving the stock price up.
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