IFF price target lowered to $106 from $120 at Baird

Baird analyst Ghansham Panjabi lowered the firm’s price target on IFF to $106 from $120 and keeps an Outperform rating on the shares. The analyst said the selloff in the shares following its results is a function of previous fatigue intersecting with a loss of confidence in management, a path forward for value creation is equally clear noting that the Street is focused on a litany of negatives at the expense of emerging positives.