MGP Ingredients price target lowered to $24 from $27 at TD Cowen

TD Cowen lowered the firm’s price target on MGP Ingredients (MGPI) to $24 from $27 and keeps a Hold rating on the shares. The firm adjusted price targets in consumer staples as part of a 2026 outlook. TD expects a “challenging” year for large-cap consumer staples with volume growth unlikely to improve materially from the negative 0.9% in 2025 and pricing “muted.”