Ingevity price target lowered to $92 from $100 at Loop Capital

Loop Capital lowered the firm’s price target on Ingevity to $92 from $100 but keeps a Buy rating on the shares. The firm is turning less optimistic with its earnings projections, even though it believes that the company can offset Performance Chemicals segment margin headwinds with Performance Materials segment earnings levers. Loop Capital adds however that visibility regarding these positive offsets may be limited in the immediate near-term.