tiprankstipranks
The Fly

Morgan Stanley upgrades IFF to Overweight after stock pullback

Morgan Stanley upgrades IFF to Overweight after stock pullback

Morgan Stanley analyst Lisa De Neve upgraded IFF (IFF) to Overweight from Equal Weight with a price target of $110, down from $111. The firm said it sees an opportunity to buy the shares after a 12% share price pullback following Q3 conference call comments, including IFF providing “muted comments on the Q4/FY25 outlook.” Morgan Stanley also noted that IFF trades as “inexpensive versus peers” at a steep discount to best-in-class players Givaudan (GVDNY) and Symrise (SYIEY).

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

1