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Fly News Breaks for July 18, 2018
INGR
Jul 18, 2018 | 09:08 EDT
As previously reported, Credit Suisse analyst Robert Moskow downgraded Ingredion to Neutral from Outperform following its profit warning last week for the North American business. The analyst worries that the factors that drove six consecutive years of margin expansion in North America will reverse further in 2019 due to competitive pressure and declining demand in sweeteners and higher costs in starches. Moskow also lowered his price target on the shares to $105 from $130.
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