Analyst John McNulty of BMO Capital maintained a Buy rating on Ecovyst, with a price target of $15.00.
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John McNulty has given his Buy rating due to a combination of factors tied to Ecovyst’s earnings visibility and strategic positioning. He anticipates a more predictable growth trajectory following the AM&C divestiture, underpinned by resilient pricing in regeneration sulfuric acid and expanding demand for virgin acid from U.S. mining, particularly copper. With these end‑markets strengthening, he expects both volumes and longer‑term pricing to trend favorably.
In addition, McNulty highlights Ecovyst’s strong balance sheet and cash generation as key supports for shareholder returns and multiple expansion. Rising free cash flow should allow the company to lower leverage while still funding meaningful buybacks and targeted growth capex, including Gulf Coast investments and the Waggaman asset integration that enhance capacity and logistics. Together, these drivers underpin his view of material upside to his $15 price target and justify the Buy recommendation.
According to TipRanks, McNulty is a 4-star analyst with an average return of 4.2% and a 54.42% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Air Products and Chemicals, and Ashland.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $14.00 price target.