Ingredion price target lowered to $167 from $178 at Oppenheimer

Oppenheimer lowered the firm’s price target on Ingredion (INGR) to $167 from $178 and keeps an Outperform rating on the shares. The firm remains constructive on share of Ingredion following its 5.6% selloff on Tuesday on a strong Q4 print and what it believes to be a conservative 2025 outlook. Oppenheimer thinks expectations were high coming into the print, and while Q4 delivered, the wide range on 2025 potential outcomes “took some air out of the tires.”