Ecovyst price target lowered to $12 from $18 at BWS Financial

BWS Financial lowered the firm’s price target on Ecovyst to $12 from $18 and keeps a Buy rating on the shares after the company reduced its outlook for the second half of 2024. While the firm says it “never considered ECVT a 2024 investment story,” BWS acknowledges that it now looks “more about middle to end of 2025 before the stock could garner the investor attention we had been looking for.”