IFF's Focus On Health And Environment Set To Drive Stock Momentum, Says Analyst
Portfolio Pulse from Lekha Gupta
Oppenheimer & Co. Inc. analyst Kristen Owen initiated coverage on International Flavors & Fragrances Inc. (NYSE:IFF) with an Outperform rating and a price target of $116. The analyst highlights IFF's alignment with health and environmental trends, portfolio rationalization, and balance sheet improvements as key drivers for future growth. Investors can also gain exposure to IFF through SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) and IShares Emergent Food And AgTech Multisector ETF (NASDAQ:IVEG).
June 07, 2024 | 4:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Oppenheimer & Co. Inc. analyst Kristen Owen initiated coverage on IFF with an Outperform rating and a price target of $116, citing the company's focus on health and environmental trends, portfolio rationalization, and balance sheet improvements.
The analyst's positive rating and price target, along with the focus on health and environmental trends, are likely to drive short-term positive momentum for IFF's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to IFF through IShares Emergent Food And AgTech Multisector ETF (NASDAQ:IVEG), which includes IFF in its portfolio.
IVEG includes IFF in its portfolio, and positive momentum in IFF's stock could benefit IVEG's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to IFF through SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF (BATS:MVAL), which includes IFF in its portfolio.
MVAL includes IFF in its portfolio, and positive momentum in IFF's stock could benefit MVAL's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50