Internation Flavors Fragrances IFF trades have been mixed recently. While new stock positions have been established by Empowered Funds LLC, Vanguard Group and Sei Investments among others, there have also been significant divestments by entities such as Oppenheimer & Co, US Bancorp and Mutual of America Capital Management. Amidst these transactions, there are challenges to be faced, which include a potential EU fine for alleged obstruction of a cartel investigation. However, there is also an optimistic outlook following the company securing a $2.85 billion deal to sell its pharma unit to Roquette, which could boost its revenue. IFF also experienced upgrades from some analysts, reaching a 52-week high. Yet, its short-term performance has been undulating, with specific days showing underperformance compared to competitors. Also in the news, IFF welcomes new board member and new CEO, Erik Fyrwald. It is critical to note that upcoming dividend rates are expected to decrease. Finally, IFF’s revenue resilience has been praised, but some market observers suggest caution, highlighting the firm's debt-risk.
International Flavors Fragrances IFF News Analytics from Thu, 10 Aug 2023 07:00:00 GMT to Sun, 21 Jul 2024 23:09:17 GMT -
Rating 2
- Innovation 0
- Information 7
- Rumor -3
