Wells Fargo Remains a Buy on International Flavors & Fragrances (IFF)
In a report released today, Michael Sison from Wells Fargo reiterated a Buy rating on International Flavors & Fragrances, with a price target of $85.00.
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According to TipRanks, Sison is an analyst with an average return of -2.8% and a 39.05% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Air Products and Chemicals, and Albemarle.
In addition to Wells Fargo, International Flavors & Fragrances also received a Buy from Jefferies’s Laurence Alexander in a report issued on December 17. However, on December 11, Bank of America Securities maintained a Hold rating on International Flavors & Fragrances (NYSE: IFF).
Based on International Flavors & Fragrances’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.69 billion and a net profit of $40 million. In comparison, last year the company earned a revenue of $2.93 billion and had a net profit of $59 million
Based on the recent corporate insider activity of 46 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. Earlier this month, Landsman Stephen N, the EVP & GC of IFF bought 3,100.00 shares for a total of $196,788.00.
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