Ecovyst: Balance Sheet Deleveraging and Earnings Power Undervalued, Supporting Buy Rating and Mid-Teens Upside
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Hamed Khorsand from BWS Financial has maintained a Buy rating on Ecovyst with a price target of $12.00, citing the company's improved financial profile following the sale of its Advanced Materials & Catalysts segment for $556 million. The sale will reduce total debt to approximately $389.8 million and increase cash to around $147 million, leading to a lower net debt of about $242.8 million. Khorsand projects Ecovyst will achieve around $170 million in adjusted EBITDA by 2025, indicating the stock is undervalued and should trade in the mid-teens range.
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