BofA analyst Matthew DeYoe upgraded IFF to Neutral from Underperform with a price target of $106, down from $121. The company missed Q4 estimates but the stock is oversold, the analyst tells investors in a research note. Investor frustration may step up pressure on activists, the firm contends. At current levels, it believes the shares more accurately reflect IFF’s challenges.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on IFF: