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Fly News Breaks for June 14, 2017
INGR
Jun 14, 2017 | 05:56 EDT
After hosting meetings with management, Jefferies analyst Akshay Jagdale says the underperformance of Ingredion shares since last November creates a buying opportunity. The sugar trade agreement reached last week between the U.S. and Mexico bodes well for the sustainability of Ingredion's core margins in North America, Jagdale tells investors in a research note. He also believes the company's Specialty business continues to be "underappreciated and undervalued." The analyst reiterates a Buy rating on the shares with a $145 price target.
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