Barclays raised the firm’s price target on Ingredion (INGR) to $168 from $145 and keeps an Overweight rating on the shares. The company reported another strong quarter of profits as it continues to benefit of its cost savings programs and segment reorganization, driving profits as healthy demand and higher volumes help cost absorption, the analyst tells investors in a research note.
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Read More on INGR:
- 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
- INGR Earnings this Week: How Will it Perform?
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