Ingevity shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $52 to $62.
Portfolio Pulse from Benzinga Newsdesk
Ingevity's stock price increased following an upgrade by Jefferies from Hold to Buy, with a new price target set at $62, up from $52.
April 22, 2024 | 2:57 pm
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POSITIVE IMPACT
Ingevity's stock price is likely to experience a short-term increase following the upgrade by Jefferies from Hold to Buy, with an increased price target of $62.
Stock upgrades by reputable financial institutions like Jefferies often lead to a positive short-term price movement. The increase in the price target from $52 to $62 indicates a strong confidence in the company's future performance, likely encouraging investors to buy shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100