Goldman Sachs Downgrades Intl Flavors & Fragrances to Neutral, Lowers Price Target to $78
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Adam Samuelson has downgraded Intl Flavors & Fragrances (IFF) from Buy to Neutral and lowered the price target from $120 to $78.
August 09, 2023 | 12:25 pm
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NEGATIVE IMPACT
Goldman Sachs has downgraded IFF from Buy to Neutral and lowered the price target from $120 to $78. This could potentially impact the stock's performance in the short term.
The downgrade from Goldman Sachs, a major financial institution, could potentially lead to a decrease in investor confidence in IFF, which may result in a short-term decrease in the stock's price. The lowered price target also suggests that Goldman Sachs sees less upside potential in the stock, which could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100