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Fly News Breaks for June 22, 2018
INGR
Jun 22, 2018 | 06:31 EDT
Stephens analyst Farha Aslam downgraded Ingredion to Equal Weight and lowered her price target for the shares to $120 from $156. The analyst expects a slower recovery in South America due amid economic, currency, and commodity headwinds. Further, she notes Ingredion is facing input cost inflation in North America and Asia Pacific. Earnings pressure in fiscal 2018 will likely limit upside in Ingredion shares, Aslam tells investors in a research note.
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