Berenberg Starts Ingevity Corp (NGVT) at Buy

Berenberg initiates coverage on Ingevity Corp (NYSE: NGVT) with a Buy rating and a price target of $100.00.

Analyst Paretosh Misra commented, "Ingevity is a market leader in engineered activated carbon products used for evaporative emissions control and also has a speciality chemicals business. We forecast USD8/share upside from rising sales due to increasing global adoption of more stringent automotive emission regulations and another USD7/share from improving supply/demand balance and company-specific factors in the pine chemicals business."

For an analyst ratings summary and ratings history on Ingevity Corp click here. For more ratings news on Ingevity Corp click here.

Shares of Ingevity Corp closed at $84.78 yesterday.

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