Morgan Stanley cuts ICL target to USD 5.45 for ICL Group stock

Published on 10/19/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ICL Group reported USD 2.14 billion in second-quarter revenue versus USD 1.83 billion. The next report for ICL Group stock is scheduled for November 11, 2026.

Analyst view and earnings calendar

Morgan Stanley lowered its ICL target to USD 5.45 from USD 5.75 on October 16, 2026.
ICL reported USD 2.14 billion in second-quarter revenue against USD 1.83 billion a year earlier.
ICL Group is scheduled to report third-quarter results on November 11, 2026.

ICL, IL0002810146, Illustration mit AI erstellt.

ICL Group Ltd (ISIN IL0002810146) faces a lower analyst valuation ahead of its next results: Markets Insider reported on October 16, 2026 that Morgan Stanley cut its target to USD 5.45 from USD 5.75 and kept an Equal Weight rating. The next quarterly update is scheduled for November 11, 2026.

Target cut sets the tone

The Morgan Stanley change is the clearest fresh valuation signal for ICL Group. The target reduction of USD 0.30 equals 5.22 percent from the former USD 5.75 level, while the unchanged Equal Weight view points to a more balanced risk assessment rather than a new bullish case.

Barclays also maintained a Hold rating and a USD 6.00 target on October 16, 2026, according to Markets Insider. The spread between the two targets is USD 0.55, giving investors a concrete measure of the still-divided valuation picture.

What does the next report need to show?

ICL's second-quarter revenue reached USD 2.14 billion, compared with USD 1.83 billion in the same quarter a year earlier, while net profit rose to USD 137 million from USD 93 million, according to Markets Insider. The revenue increase was USD 0.31 billion, or 16.94 percent, and the profit increase was USD 44 million, or 47.31 percent. MarketBeat expects third-quarter revenue of USD 2.13 billion and earnings per share of USD 0.11, versus USD 1.85 billion and USD 0.10 in the year-earlier quarter.

Three events shape the story

On December 18, 2025, ICL agreed to acquire Bartek Ingredients, whose fiscal year 2024 revenue was about USD 65 million, according to Simply Wall St. On August 4, 2026, the company approved a four-division reorganization effective January 1, 2027. On October 16, 2026, Morgan Stanley lowered its target to USD 5.45 from USD 5.75.

Important dates ahead

ICL Group's next reported event is the third-quarter earnings announcement on November 11, 2026, before the market opens, with a conference call scheduled for 7:00 a.m. ET, according to MarketBeat. The estimates call for USD 2.13 billion in revenue and USD 0.11 in earnings per share.

ICL stays tied to execution

For investors, the central test is whether stronger second-quarter revenue and profit can continue into the November report while the company implements its four-division structure. The target range of USD 5.45 to USD 6.00 shows how much the market's valuation still depends on earnings delivery and execution.