Stifel Maintains Hold on Intl Flavors & Fragrances, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan has maintained a Hold rating on Intl Flavors & Fragrances (IFF) and increased the price target from $81 to $87. This adjustment reflects a positive outlook on the company's future performance while still recommending a neutral position on the stock.
December 20, 2023 | 3:40 pm
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NEUTRAL IMPACT
Stifel analyst Mark Astrachan has maintained a Hold rating on Intl Flavors & Fragrances but raised the price target from $81 to $87, indicating a positive yet cautious outlook.
The increase in price target by Stifel suggests that there may be some positive sentiment towards Intl Flavors & Fragrances' future performance. However, since the rating remains a Hold, the impact on the stock price is likely to be moderate in the short term. Investors may view this as a sign that the stock has potential for growth, but the Hold rating implies that there are still factors that prevent a more bullish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100