Market Overview

KeyBanc Increases PT On Ingredion


In a research note released Tuesday, KeyBanc analyst Akshay Jagdale reiterated a Buy rating on Ingredion (NYSE: INGR) and increased his price target from $75 to $95.

The analyst remains positive due to recent meetings with the company's executive management. Jagdale continued to state that investors are “significantly undervaluing” the company's specialty business opportunity.

The company's specialty business is currently generating approximately $1 billion in annual sales. This represents nearly 16 percent of the company's entire revenue and is expected to grow at an organic rate of 10 percent over the course of the next few years.

“We came away from meetings w/ a greater sense that mgmt. will look towards acquisitions to accelerate specialty sales growth.”

In addition, Jagdale expects Ingredion to benefit from multiple expansion.

Shares of Ingredion are up more than one percent on Tuesday and are up 13 percent year-to-date.

Latest Ratings for INGR

Nov 2019MaintainsNeutral
Oct 2019Initiates Coverage OnOverweight
Aug 2019MaintainsNeutral

View More Analyst Ratings for INGR
View the Latest Analyst Ratings

Posted-In: Akshay Jagdale KeyBancAnalyst Color Price Target Reiteration Analyst Ratings


Related Articles (INGR)

View Comments and Join the Discussion!

Latest Ratings

WEEDCantor FitzgeraldMaintains18.9
TGTXCantor FitzgeraldMaintains19.0
SPLKCleveland ResearchDowngrades
IQVWolfe ResearchUpgrades
PRAHWolfe ResearchUpgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Expedia Shares Gain 4% Following Analyst Upgrade, Quarter Optimism

KeyBanc Increases Estimates On Big Lots