Recently, several significant updates have emerged for International Flavors & Fragrances (IFF). Analysts have increased their price targets numerous times, with new targets ranging from $93.00 to $110.00. This reflects a growing confidence in the company. IFF's Q1 2024 results indicated that they are effectively navigating market challenges. Large stakeholders such as First Trust Direct Indexing L.P. and Atria Wealth Solutions increased their stock positions, showing trust in IFF's future performance. However, some shares were sold by entities such as Federated Hermes Inc., Swiss National Bank, and Russell Investments Group Ltd.
IFF's first-quarter 2024 earnings beat estimates and even though the revenues exceeded expectations, earnings per share lagged. Notably, IFF stock prices have been hitting new 52-week highs after analysts' upgrades. Despite revenue resilience, IFF still faces challenges. An important development was the announcement of selling off its Pharma Solutions business.
International Flavors Fragrances IFF News Analytics from Fri, 01 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 12:16:45 GMT - Rating 8 - Innovation 7 - Information 7 - Rumor -5
