IFF's Leverage to Improve by 2025, Sales Momentum to Boost EBITDA, Projects Analyst
International 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 $115 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 ...