International Flavors & Fragrances Inc is grabbing the attention of billionaire investor Carl Icahn and other key investors like Prudential PLC and Marco Investment Management. The company's strong standing comes from its resilience in maintaining revenue despite several challenges faced. The appointment of J. Erik Fyward as the next CEO adds to the company's solid leadership. Moreover, the stock target has been positively revised by investment banking firm Oppenheimer. However, IFF has faced regulatory issues, being fined €15.9 million by the EU for obstruction of an investigation related to a suspected fragrance cartel. The company recently announced the sale of its pharma unit to French company Roquette for a remarkable $2.85 billion deal. The company has shown strong volume growth, however, it has faced dividend cuts and provided weak guidance, leaving some investors questioning the company's long-term trajectory. Currently, 87% of the company is held by institutional owners. Despite some adversities, some analysts remain bullish on IFF citing the rebound in the consumer goods sector as a potential uplift for the stock.
International Flavors Fragrances IFF News Analytics from Tue, 10 Oct 2023 07:00:00 GMT to Sat, 14 Sep 2024 08:31:52 GMT - Rating 5 - Innovation 3 - Information 7 - Rumor -3
