Morgan Stanley raised the firm’s price target on IFF to $103 from $100 and keeps an Equal Weight rating on the shares. The firm, which updated its model ahead of Q2 results, raised its FY24, FY25 and FY26 adjusted EPS estimates by 3.0%, 0.4%, and 0.9%, respectively, reflecting slightly higher volume estimates.
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Read More on IFF:
- ‘We Stay Bullish’: Oppenheimer Suggests 2 Stocks to Buy Amid Market’s Record Highs
- IFF initiated with an Outperform at Oppenheimer
- International Flavors & Fragrances Welcomes New Board Member
- IFF downgraded on fewer near-term catalysts at Morgan Stanley
- IFF downgraded to Equal Weight from Overweight at Morgan Stanley
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