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

Group 1 - Wells Fargo raised the price target on Ingevity (NGVT) to $65 from $60 while maintaining an Equal Weight rating on the shares [1] - The adjustment in estimates is due to the sale of the majority of Ingevity's Industrial Specialties business, which was completed on January 5 [1] - Wells Fargo remains cautious and on the sidelines as Ingevity explores alternatives for other businesses, indicating uncertainty in future performance [1]