Goldman Sachs Upgrades Ingredion to Buy, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson upgraded Ingredion (NYSE:INGR) from Neutral to Buy and increased the price target from $122 to $135, indicating a positive outlook on the company's stock.

February 15, 2024 | 10:19 am
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Goldman Sachs upgraded Ingredion to Buy from Neutral and raised the price target to $135 from $122, showing confidence in the company's future performance.
The upgrade by Goldman Sachs from Neutral to Buy, along with a significant increase in the price target, suggests a strong bullish outlook for Ingredion. This is likely based on positive evaluations of the company's market position, growth prospects, or financial health. Such upgrades often lead to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100