IFF's Leverage to Improve by 2025, Sales Momentum to Boost EBITDA, Projects Analyst
IFFInternational Flavors & Fragrances(IFF) Benzinga·2024-07-23 01:20

Loading...Loading...Stifel analyst Mark S. Astrachan upgraded International Flavors & Fragrances Inc. IFF stock to Buy from Hold with an increased price target of 115from115 from 95.The analyst sees 2024 guidance as conservative and is increasing the sales and adjusted EBITDA forecasts for 2024-2025 by 1.5% and 4.4% above the company’s top-end targets.IFF’s volumes rebounded strongly in the first-quarter 2024, rising mid-single-digits after five quarters of decline, writes the analyst.Also Read: IFF’s Focus On H ...