Morgan Stanley analyst Lisa De Neve upgraded IFF (IFF) to Overweight from Equal Weight with a price target of $110, down from $111. The firm said it sees an opportunity to buy the shares after a 12% share price pullback following Q3 conference call comments, including IFF providing “muted comments on the Q4/FY25 outlook.” Morgan Stanley also noted that IFF trades as “inexpensive versus peers” at a steep discount to best-in-class players Givaudan (GVDNY) and Symrise (SYIEY).
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Read More on IFF:
- IFF upgraded to Overweight from Equal Weight at Morgan Stanley
- IFF price target lowered to $105 from $110 at Deutsche Bank
- BofA upgrades IFF to Buy, sees opportunity in selloff
- IFF upgraded to Buy from Neutral at BofA
- IFF upgraded to Buy from Hold at Vertical Research
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