Ingevity (NGVT) has disclosed a new risk, in the Capital Markets category.
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Ingevity faces significant business risks due to recent changes in U.S. tariff policies, which have led to retaliatory tariffs from key trading partners like China. These developments are likely to increase the cost of exporting products and importing raw materials, potentially forcing Ingevity to raise prices, thereby reducing customer demand. The impact is expected to be particularly severe on the profitability of their Performance Materials and Performance Chemicals segments, as tariffs could lower margins and decrease demand for products incorporating Ingevity’s offerings. Consequently, these trade policy shifts could adversely affect Ingevity’s financial condition and operational results.
The average NGVT stock price target is $54.00, implying 10.45% upside potential.
To learn more about Ingevity’s risk factors, click here.