BofA analyst Salvator Tiano lowered the firm’s price target on IFF (IFF) to $97 from $100 and keeps a Buy rating on the shares. Commodity markets inflated rapidly through March and into April due to the Iran conflict, which is driving material upside to upstream forecasts for 2026 starting in Q2, while simultaneously resulting in cuts to downstream producers, the analyst tells investors in a preview for the U.S. chemicals group.
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