Morgan Stanley Downgrades Intl Flavors & Fragrances to Equal-Weight, Lowers Price Target to $75
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Betsy Graseck has downgraded Intl Flavors & Fragrances (IFF) from Overweight to Equal-Weight and lowered the price target from $112 to $75.
August 24, 2023 | 8:43 am
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Morgan Stanley has downgraded Intl Flavors & Fragrances (IFF) and lowered its price target, which could negatively impact the stock's performance.
The downgrade from Morgan Stanley, a major financial institution, could lead to a decrease in investor confidence in IFF. The lowered price target suggests that the analyst believes the stock is currently overvalued, which could lead to selling pressure and a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100