Mizuho Maintains Neutral Rating for Intl Flavors & Fragrances: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has maintained its Neutral rating for Intl Flavors & Fragrances (IFF) but raised its price target from $82.00 to $83.00. Despite this, IFF's shares have fallen 2.33% in the last 24 hours to $78.61. The new price target suggests a potential 5.59% increase from the current price. IFF is a leading global producer of specialty ingredients for various industries, including food, beverage, health, and pharmaceuticals.
February 26, 2024 | 5:00 pm
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POSITIVE IMPACT
Mizuho maintains a Neutral rating on IFF but raises the price target to $83, indicating a potential 5.59% increase from the current price. Shares have recently fallen by 2.33%.
The adjustment in price target by Mizuho reflects a positive outlook on IFF's value, suggesting a potential for stock price increase. However, the recent drop in share price and the Neutral rating indicate that there may be factors limiting immediate growth, making the short-term impact likely positive but with caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100