UBS Downgrades Intl Flavors & Fragrances to Neutral, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has downgraded Intl Flavors & Fragrances (IFF) from Buy to Neutral and reduced the price target from $88 to $78.
November 13, 2023 | 2:59 pm
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UBS analyst Joshua Spector downgraded Intl Flavors & Fragrances from Buy to Neutral and lowered the price target from $88 to $78.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a lowered expectation of the company's future performance, which can also negatively impact investor sentiment.
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