BMO Capital analyst Andrew Strelzik raised the firm’s price target on Ingredion (INGR) to $147 from $128 and keeps a Market Perform rating on the shares. The company exceeded expectations with its strongest ever Q3 EBIT and raised guidance, implying strong Q4 results, the analyst tells investors in a research note. BMO adds that Ingredion’s performance should remain strong in 2025, supported by operational execution, beneficial contract resets, supportive industry fundamentals, and growing flexibility to make high returning investments.
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Read More on INGR:
- Ingredion price target raised to $178 from $147 at Oppenheimer
- Ingredion price target raised to $168 from $145 at Barclays
- Ingredion Reports Strong Q3 Results and Raises Outlook
- Ingredion reports Q3 adjusted EPS $3.05, consensus $2.58
- Ingredion raises FY24 adjusted EPS view to $10.35-$10.65 from $9.70-$10.20
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