UBS Rates Ingredion Incorporated (INGR) as a ‘Neutral’ with $144 Price Target amid Focus on Innovation

Ingredion Incorporated (NYSE:INGR) is one of the best FMCG stocks to invest in. On September 18, UBS reiterated a ‘Neutral’ rating on the stock and a $144 price target, impressed by the company’s focus on innovation driven by healthy trends and reformulation demands.

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The company anticipates its sales to increase by between 2% and 4% over the next two years, accompanied by a growth in operating income of between 5% and 7%. It also projects a 7% to 9% compound annual growth rate in adjusted EPS through 2027.

The research firm remains confident in the company’s ability to capitalize on consumer trends. However, it remains cautious about soaring pressure in North America, especially in the sweetener and high-fructose corn syrup segments.

Ingredion Incorporated (NYSE:INGR) is a global ingredient solutions company that processes plant-based materials like grains, fruits, and vegetables into value-added ingredients for the food, beverage, animal nutrition, brewing, and industrial markets. It produces starches, sweeteners, nutritional ingredients, and biomaterials that are used in various everyday products, from foods and drinks to paper and pharmaceuticals.

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Disclosure: None. This article is originally published at Insider Monkey.