International Flavors & Fragrances Analysts Cut Their Forecasts After Downbeat Q2 Results
Portfolio Pulse from Lisa Levin
International Flavors & Fragrances Inc. (IFF) reported worse-than-expected Q2 results and lowered its FY23 outlook. The company's shares fell 21.6% in pre-market trading. Analysts from Stifel and Credit Suisse have cut their price targets on IFF following the earnings announcement.
August 08, 2023 | 12:47 pm
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IFF's worse-than-expected Q2 results and lowered FY23 outlook have led to a drop in its share price and analysts cutting their price targets.
IFF's Q2 results were below expectations and the company has lowered its FY23 outlook. This has negatively impacted investor sentiment, leading to a drop in the share price. Additionally, analysts from Stifel and Credit Suisse have cut their price targets on IFF, further indicating a negative outlook for the stock.
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