International Flavors & Fragrances (IFF) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Lisa De Neve maintained a Buy rating on International Flavors & Fragrances today and set a price target of $93.00.
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According to TipRanks, De Neve is a 3-star analyst with an average return of 2.5% and a 49.21% success rate.
International Flavors & Fragrances has an analyst consensus of Strong Buy, with a price target consensus of $92.09.
Based on International Flavors & Fragrances’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.59 billion and a net profit of $18 million. In comparison, last year the company earned a revenue of $2.77 billion and had a GAAP net loss of $46 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IFF in relation to earlier this year. Last month, Mark Costa, a Director at IFF sold 30.00 shares for a total of $2,152.80.
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