Market Overview

UPDATE: Stifel Nicolaus Raised PT to $78 on International Flavors & Fragrances

Share:
Related IFF
Earnings Scheduled For February 10, 2016
Earnings Scheduled For November 9, 2015
Gold Spikes, Oil Dives, Global Markets Skid Lower (Investor's Business Daily)

Stifel Nicolaus maintained Internationa Flavors & Fragrances (NYSE: IFF) with a Buy rating and raised the price target from $75.00 to $78.00.

Stifel Nicolaus commented, "We anticipate continued solid sales and operating profit growth in 2013 (at least inline with long-term targets (4%-6% sales growth, 7%-9% operating profit growth, and 10%+ EPS growth), given favorable y/y comparisons, share gains, continued solid global consumer volume growth, especially in developing markets (47% of sales), and a favorable pipeline of new product wins. Longer-term, we believe the increasing reliance of CPG companies on outside vendors to drive innovation will result in continued solid sales growth for IFF and the flavors and fragrances category broadly."

International Flavors & Fragrances closed at $72.66 on Thursday.

Latest Ratings for IFF

DateFirmActionFromTo
Feb 2016Deutsche BankDowngradesBuyHold
Feb 2016UBSMaintainsNeutral
Jan 2016Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for IFF
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (IFF)

View Comments and Join the Discussion!

Get Benzinga's Newsletters