Stepan Increases Quarterly Cash Dividend, Marking the 56th Consecutive Year of Increases

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Stepan Company (SCL) PT Lowered to $93 at Stifel

October 19, 2023 3:58 PM EDT

Stifel analyst Vicent Anderson lowered the price target on Stepan Company (NYSE: SCL) to $93.00 (from $95.00) while maintaining a Buy rating.

The analyst commented, "We are lowering estimates incrementally for Stepan through 2024, but with increased conviction in a solid 2024 earnings recovery despite a tepid... More