Morgan Stanley Downgrades Intl Flavors & Fragrances to Equal-Weight, Maintains $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Intl Flavors & Fragrances (NYSE:IFF) from Overweight to Equal-Weight, while maintaining a $100 price target.
May 21, 2024 | 4:35 pm
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Morgan Stanley analyst Lisa De Neve downgraded Intl Flavors & Fragrances (NYSE:IFF) from Overweight to Equal-Weight, maintaining a $100 price target.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley is likely to have a negative short-term impact on IFF's stock price. The maintained price target of $100 suggests that while the stock is not expected to decline significantly, it is also not expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100