Baird Maintains Outperform Rating for Intl Flavors & Fragrances: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baird has reaffirmed its Outperform rating on Intl Flavors & Fragrances (IFF) and increased its price target from $80.00 to $85.00. Despite a slight decline in share price over the last 24 hours, the new target suggests an 11.02% upside potential. IFF is a leading global producer of specialty ingredients for various industries, including food, beverage, health, and more.
February 22, 2024 | 5:00 pm
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Baird maintains Outperform rating on IFF, raising price target to $85. The firm's leading position in specialty ingredients across multiple industries underpins its growth potential.
The reaffirmation of the Outperform rating and the increase in price target by Baird reflect a strong vote of confidence in Intl Flavors & Fragrances' business model and market position. Given the company's broad industry reach and innovative capabilities, the analyst's outlook suggests a bullish sentiment on the stock's short-term price movement. The slight decline in share price over the last 24 hours may present a buying opportunity ahead of potential gains towards the new target.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100