Ingredion Incorporated (NYSE:INGR) is considered one of the best sugar stocks to buy by hedge funds. Barclays reaffirmed a Hold rating with a price target of $128 after Jim Zallie, President and CEO, was elected chairman of the board on February 11. UBS raised the price target to $124, while BMO Capital adjusted it to $120 due to weaker profits in the Texture & Healthful Solutions segment.

Barclays also raised the price target to $128 on Ingredion Incorporated (NYSE:INGR) after the fiscal Q4 report, citing continued headwinds from a facility outage. Ingredion is a global ingredients solutions provider operating in North America, South America, Asia-Pacific, and Europe, the Middle East, and Africa, with products derived from corn and other starch-based materials.

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Read more at Yahoo Finance: Where is Ingredion Incorporated (INGR) Headed According to the Street?