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International Flavors & Fragrances (IFF) Gets a Hold from Bank of America Securities

Tipranks - Tipranks - Sat Mar 14, 5:38AM CDT

Bank of America Securities analyst Salvator Tiano maintained a Hold rating on International Flavors & Fragrances yesterday. The company’s shares closed yesterday at $70.01.

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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 -1.5% and a 52.94% success rate on recommended stocks.

International Flavors & Fragrances has an analyst consensus of Strong Buy, with a price target consensus of $91.83, a 31.17% upside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $75.00 price target.

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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

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