What To Know About UBS's Downgrade of Intl Flavors & Fragrances
Portfolio Pulse from Benzinga Insights
UBS has downgraded Intl Flavors & Fragrances (NYSE:IFF) from a previous rating to Neutral, adjusting the price target from $88.00 to $78.00. Currently, IFF shares are trading at $71.20, down 0.75% over the last 24 hours. The new price target suggests a potential upside of 9.54% from the current share price. Intl Flavors & Fragrances is a global leader in specialty ingredients for various industries, including food, beverage, health, and pharmaceuticals.
November 13, 2023 | 5:00 pm
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UBS downgraded Intl Flavors & Fragrances to Neutral and lowered the price target from $88.00 to $78.00. The stock is currently trading at $71.20, down 0.75%.
The downgrade by UBS to a Neutral rating may suggest a more cautious outlook on IFF, potentially limiting short-term upside. However, the new price target still implies a potential gain, indicating that the downgrade is not overly bearish. The slight decrease in share price reflects the market's initial reaction to the downgrade.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100