Morgan Stanley analyst Lisa De Neve maintained a Buy rating on International Flavors & Fragrances (IFF – Research Report) yesterday and set a price target of $98.00.
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Lisa De Neve has given her Buy rating due to a combination of factors that suggest a positive outlook for International Flavors & Fragrances (IFF). Despite a recent decline in share price following the first quarter results, the company’s guidance for FY25 Adjusted EBITDA remains steady, with no significant changes in order patterns. This stability, coupled with the company’s exposure to essential product categories like food and beverage solutions, indicates limited downside risk.
Furthermore, IFF is positioned to outpace the US Consumer Staples sector, with potential growth driven by its diversified customer base, innovation initiatives, and regulatory changes that favor reformulation. The company has consistently surpassed expectations over the past six quarters, and its current valuation presents a compelling opportunity, trading at a significant discount compared to market peers. These factors collectively support the Buy recommendation.
According to TipRanks, De Neve is a 3-star analyst with an average return of 3.7% and a 48.00% success rate.
In another report released on May 14, Bank of America Securities also maintained a Buy rating on the stock with a $92.00 price target.
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