Citi raised the firm’s price target on Ecovyst (ECVT) to $12 from $10 and keeps a Neutral rating on the shares. The firm adjusted targets in the specialty chemicals group as part of a Q4 preview. Citi sees a better currency and sales environment for the sector, but with the potential for “fresh tariff risks.”
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Read More on ECVT:
- Ecovyst Completes Major Asset Sale and Debt Reduction
- Ecovyst: Balance Sheet Deleveraging and Earnings Power Undervalued, Supporting Buy Rating and Mid-Teens Upside
- Ecovyst unit sale underscores share value, says BWS Financial
- Ecovyst completes $530M sale of advanced materials, catalysts segment
- Ecovyst price target raised to $10 from $8.50 at Citi
