Mizuho Securities analyst John Roberts CFA has maintained their bullish stance on IFF stock, giving a Buy rating on February 20.
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John Roberts CFA’s rating is based on the strategic positioning of International Flavors & Fragrances (IFF) in the food ingredients and bioethanol sectors, which are poised for growth despite some market challenges. The company’s involvement in the production of enzymes for animal feed and bioethanol places it in a favorable position to benefit from potential policy changes in biofuels, which could drive demand for their products.
Furthermore, the price target of $100 reflects a valuation that considers a 23x P/E multiple on projected earnings, aligning with the S&P Materials sector’s relative performance. This valuation suggests confidence in IFF’s ability to maintain its market position and capitalize on future opportunities, making it an attractive investment option for long-term growth.
In another report released on February 20, Wells Fargo also maintained a Buy rating on the stock with a $105.00 price target.