International Flavors & Fragrances Inc. (IFF) has recently seen an uptick in
short selling, quite the contrary though, it has been listed among
Carl Icahn's top stock picks.
JPMorgan Chase & Co. increased its price target for IFF stocks to $110. IFF faced a setback when fined by the EU for obstructing investigations into a suspected
fragrance cartel. However, stock upgrades have been made, driven by a rebound in
consumer goods. Recent valuations of the stock indicate a tricky terrain, as analyses tag it as not the greatest of investments. The company has shown resilience despite
revenue challenges and has concluded important deals, including the sale of its pharma unit to France's Roquette for $2.85 billion. Some Analysts believe
strong volume growth could improve IFF's stock potential, yet significant stake reductions by certain banks and funds indicate a mixed picture. Multiple announcements towards
new appointments, including J. Erik Fyrwald who is set to become the next CEO, show the company's strategic leadership planning. Unfortunately, IFF has faced another financial hurdle with a €15.9 Million penalty for obstructing an antitrust investigation.
International Flavors Fragrances IFF News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Sun, 08 Sep 2024 04:09:23 GMT -
Rating 5
- Innovation -2
- Information 7
- Rumor -4
