UPDATE: Stifel Reiterates Buy Rating, Raises PT on International Flavors & Fragrances Following Management Meetings

In a report published Monday, Stifel analyst Mark Astrachan reiterated a Buy rating on International Flavors & Fragrances IFF, and raised the price target from $103.00 to $110.00. In the report, Stifel noted, “We hosted meetings with International Flavors & Fragrances CFO Kevin Berryman and IR head Shelley Young and offer the following takeaways. Overall, we continue to believe the company remains positioned to achieve 2014 sales, operating profit, and EPS growth above long-term targets driven by strong topline and operating momentum.” International Flavors & Fragrances closed on Friday at $104.81.