Ingredion price target lowered to $155 from $167 at Oppenheimer

Oppenheimer analyst Kristen Owen lowered the firm’s price target on Ingredion (INGR) to $155 from $167 and keeps an Outperform rating on the shares. Amid tariff and macro uncertainty, agriculture has “proved a relatively resilient pocket of the market,” the analyst tells investors in a research note. The firm says that while not immune to tariffs and retaliatory measures, ag’s fundamental setup coming into 2025 remains intact. The potential for government subsidies helps dampen the economic impact on farmer customers, contends Oppenheimer.