International Flavors & Fragrances Inc. (IFF) has been on the radar of many market analysts. With an analyst consensus price target of $103.87, there's steady optimism surrounding IFF's stock potential. Large institutional investors hold a significant 87% of IFF's position, indicating potential value in the company. The company reported strong gains of 54% for those who invested a year ago, and stock performance continues to rise. In Q2 2024, IFF topped earnings on higher volumes and lifted its sales forecast for 2024. This surge in financial performance and potential has earned IFF a place in Carl Icahn's stock portfolio. Additionally, IFF announced plans to open a new Flavor & Fragrance Innovation Center in Shanghai emphasizing the company's innovative approach. Due to breaching antitrust regulations, the EU imposed a fine, which has somewhat clouded the otherwise strong outlook of the company. IFF also recently sold its pharma unit to France's Roquette for $2.85 billion.
International Flavors Fragrances IFF News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Sat, 05 Oct 2024 06:00:17 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
