Morgan Stanley Sticks to Its Buy Rating for International Flavors & Fragrances (IFF)
In a report released today, Lisa De Neve from Morgan Stanley maintained a Buy rating on International Flavors & Fragrances, with a price target of $88.00.
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De Neve covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Icl, and Yara International. According to TipRanks, De Neve has an average return of 1.6% and a 46.67% success rate on recommended stocks.
In addition to Morgan Stanley, International Flavors & Fragrances also received a Buy from Wells Fargo’s Michael Sison in a report issued today. 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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