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UPDATE: Credit Suisse Initiates Coverage on Ingredion on Good Buying Opportunity

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In a report published Wednesday, Credit Suisse analyst Robert Moskow initiated coverage on Ingredion (NYSE: INGR) with an Outperform rating and $80.00 price target.

In the report, Credit Suisse noted, “We are initiating coverage of Ingredion with an Outperform rating and an $80 target price. Ingredion is a high quality, multinational food ingredient company with an under-appreciated leadership position in the fast-growing specialty starch industry. This is a particularly good time to buy the stock because the market is overly worried about short-term problems that hurt 2013 results and giving no credit for the likelihood of a value-creating acquisition.”

Ingredion closed on Tuesday at $67.10.

Latest Ratings for INGR

DateFirmActionFromTo
Nov 2019MaintainsNeutral
Oct 2019Initiates Coverage OnOverweight
Aug 2019MaintainsNeutral

View More Analyst Ratings for INGR
View the Latest Analyst Ratings

Posted-In: Credit Suisse Robert MoskowAnalyst Color Initiation Analyst Ratings

 

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