International Flavors & Fragrances (IFF) Gets a Buy from Bank of America Securities
Bank of America Securities analyst Salvator Tiano reiterated a Buy rating on International Flavors & Fragrances today and set a price target of $97.00.
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Tiano covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Celanese, and Eastman Chemical. According to TipRanks, Tiano has an average return of 0.3% and a 53.57% success rate on recommended stocks.
In addition to Bank of America Securities, International Flavors & Fragrances also received a Buy from Barclays’s Lauren Lieberman in a report issued on April 13. However, on April 9, UBS assigned a Hold rating to International Flavors & Fragrances (NYSE: IFF).
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 43 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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