Ingevity price target raised to $65 from $60 at Wells Fargo

Wells Fargo raised the firm’s price target on Ingevity (NGVT) to $65 from $60 and keeps an Equal Weight rating on the shares. The firm is adjusting its estimates for Ingevity to account for the sale of the majority of its Industrial Specialties business, which closed on January 5. Wells stays on the sidelines given uncertainty as Ingevity explores alternatives for other businesses.