Analyst Hamed Khorsand of BWS Financial maintained a Buy rating on Ecovyst, retaining the price target of $12.00.
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Hamed Khorsand has given his Buy rating due to a combination of factors influencing Ecovyst’s current and future performance. The company has reported an increase in volume and higher sales in its ecoservices segment, which has positively impacted its adjusted EBITDA, reaching $57.5 million. Despite challenges from unplanned maintenance downtimes, the business climate is expected to improve as refiners address these issues.
Furthermore, Khorsand anticipates that the value of Ecovyst’s business will become more apparent by the second half of 2026. This is due to easier year-over-year comparisons and the positive impact of the company’s earnings and free cash flow on its balance sheet. These factors collectively suggest a favorable outlook for Ecovyst, supporting the Buy rating.
Khorsand covers the Technology sector, focusing on stocks such as Adeia, Ubiquiti Networks, and Immersion. According to TipRanks, Khorsand has an average return of 14.5% and a 57.17% success rate on recommended stocks.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $11.00 price target.