Loop Capital Maintains Hold on Ingevity, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Christopher Kapsch has maintained a Hold rating on Ingevity (NYSE:NGVT) and increased the price target from $49 to $56.
May 07, 2024 | 3:30 pm
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POSITIVE IMPACT
Ingevity's Hold rating is maintained by Loop Capital, with a raised price target from $49 to $56.
The increase in price target by Loop Capital suggests a positive outlook on Ingevity's stock value in the short term, likely due to anticipated improvements in the company's performance or market position. This adjustment reflects an analyst's confidence in the stock's potential to reach the new target, possibly influencing investor sentiment and stock price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100