Shares of Orion Engineered Carbons SA (OEC) are soaring 5.81% in Tuesday's trading session, demonstrating strong investor confidence despite a recent price target adjustment by UBS. The stock's significant uptick comes in the face of seemingly mixed analyst sentiment.

UBS, a major financial services firm, has adjusted its price target for Orion from $17 to $15. However, the investment bank has maintained its "Buy" rating on the stock, signaling continued optimism about Orion's future prospects. This maintained positive outlook appears to be outweighing the impact of the lowered price target in investors' minds.

The market's reaction suggests that investors are focusing more on the sustained "Buy" rating rather than the reduced price target. It's worth noting that even with the adjustment, UBS's new target of $15 still implies potential upside from current trading levels. Additionally, according to FactSet, the average analyst rating for Orion remains "overweight" with a mean price target of $15.20, indicating a generally positive sentiment among Wall Street analysts. This collective optimism could be contributing to the stock's impressive performance today.