IFF price target raised to $80 from $70 at Argus

Argus raised the firm’s price target on IFF (IFF) to $80 from $70 and keeps a Buy rating on the shares. The firm has a favorable view of the company’s innovative products and global reach, as well as their broad-based product applications across different markets, and while the company’s growth trajectory has been flattened by geopolitical developments and high raw material costs, Argus expects earnings to turnaround in the next few quarters, the analyst tells investors in a research note.