Wells Fargo lowered the firm’s price target on IFF (IFF) to $105 from $115 and keeps an Equal Weight rating on the shares. While the firm is reducing its 2025 outlook primarily due to a 6% FX headwind to EBITDA and weaker demand, Wells remains bullish given positive volume growth and an improved balance sheet post divestitures.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IFF: