Baird analyst Ghansham Panjabi lowered the firm’s price target on IFF to $75 from $106 and keeps an Outperform rating on the shares. The firm said management needs to capitalize on the current deterioration in fundamentals by accelerating restructuring initiatives to position the company for outsized operating leverage as end-market volumes eventually normalize.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
See the top stocks recommended by analysts >>
Read More on IFF: