Ingevity shares are trading lower amid continuation from last weeks weak Q2 financial results. Also, Wells Fargo and BMO Capital lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Ingevity shares are trading lower due to weak Q2 financial results and lowered price targets from Wells Fargo and BMO Capital.
August 05, 2024 | 6:28 pm
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Ingevity shares are experiencing a decline due to disappointing Q2 financial results and reduced price targets from Wells Fargo and BMO Capital.
The weak Q2 financial results indicate potential operational or market challenges, leading to a negative sentiment among investors. The lowered price targets from Wells Fargo and BMO Capital further reinforce the bearish outlook, likely causing a short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100