Oppenheimer analyst Kristen Owen raised the firm’s price target on Ingredion to $125 from $120 and keeps an Outperform rating on the shares. The firm believes the set up for Ingredion in 2024 remains compelling, as a return to volume growth and lower commodities prices drive sequentially improving growth in organic operating profit.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on INGR:
- Ingredion sees Q1 revenue down mid-single-digits, consensus $2.09B
- Ingredion Incorporated Reports Strong 2023 Fourth Quarter and Full-Year Results
- Ingredion sees FY24 adjusted EPS $9.15-$9.85, consensus $9.76
- Ingredion reports Q4 adjusted EPS $1.97, consensus $1.87
- INGR Upcoming Earnings Report: What to Expect?
