Morgan Stanley Maintains Equal-Weight on Intl Flavors & Fragrances, Raises Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Equal-Weight rating on International Flavors & Fragrances (IFF) and increased the price target from $75 to $81.
December 06, 2023 | 1:56 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on IFF but raised the price target from $75 to $81, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive reassessment of IFF's value, which could lead to short-term price appreciation as the market adjusts to the new target. However, since the rating remains Equal-Weight, the impact may be moderate rather than strong.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100