BMO Capital raised the firm’s price target on Ecovyst (ECVT) to $10 from $9 and keeps an Outperform rating on the shares. The firm cites the company having put its Advanced Materials & Catalysts – AM&C – business under strategic review, and while the timing of the sale is less than ideal, the management would likely look to unlock value based on normalized earnings, the analyst tells investors in a research note. Given a limited number of high-quality catalyst businesses, this is a positive option for Ecovyst, BMO adds.
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Read More on ECVT:
- Ecovyst announces strategic review of AM&C
- Ecovyst Inc. Reports Mixed Third Quarter 2024 Results
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- Ecovyst reports Q3 adjusted EPS 14c, consensus 17c
- ECVT Upcoming Earnings Report: What to Expect?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
