Loop Capital Downgrades Ingevity to Hold, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Christopher Kapsch has downgraded Ingevity (NYSE:NGVT) from Buy to Hold and lowered the price target from $62 to $53.
October 03, 2023 | 2:07 pm
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Ingevity's stock has been downgraded by Loop Capital from Buy to Hold, and the price target has been lowered from $62 to $53.
The downgrade from Buy to Hold by Loop Capital indicates a less optimistic outlook for Ingevity's stock. The lowering of the price target from $62 to $53 suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100