Sensient price target raised to $85 from $80 at Baird

Baird analyst Ghansham Panjabi raised the firm’s price target on Sensient to $85 from $80 and keeps an Outperform rating on the shares. The firm noted the company is starting to benefit from initial volume recovery, the catalyst for the shares from current levels is for Sensient to deliver on margin expansion and earnings growth in context of a decade long stagnation of EPS around $3.00.