As previously reported, BofA analyst Salvator Tiano upgraded IFF (IFF) to Buy from Neutral with a price target of $107, down from $109, following Wednesday’s “unwarranted” selloff after the company’s third earnings beat of this year under its new CEO. The firm sees end-market demand improving in 2025-26 after a couple of years of pressure and contends that better results will equal earlier delevering, leading it to contends that the selloff provides a buying opportunity.
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Read More on IFF:
- IFF upgraded to Buy from Neutral at BofA
- IFF upgraded to Buy from Hold at Vertical Research
- International Flavors & Fragrances Q3 2024 Financial Highlights
- IFF price target lowered to $90 from $99 at Barclays
- IFF price target raised to $111 from $108 at UBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
