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IFF price target raised to $103 from $100 at Morgan Stanley

IFF price target raised to $103 from $100 at Morgan Stanley

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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