IFF upgraded to Peer Perform from Underperform at Wolfe Research

Wolfe Research upgraded IFF (IFF) to Peer Perform from Underperform without a price target The firm says the stock’s current risk/reward warrants a less negative stance. Multiple facets of Wolfe’s previously bearish thesis have played out, the analyst tells investors in a research note. The analyst believes investors are now aware of the long-term risks facing food ingredients companies.