IFF price target lowered to $83 from $88 at Barclays

Barclays lowered the firm’s price target on IFF (IFF) to $83 from $88 and keeps an Equal Weight rating on the shares following Q4 results. The firm expects 2025 will be about reinvesting to regain competitiveness and strengthening the business for the longer term. This likely limits upside to profitability, but Barclays believes 2025 guidance is realistic on the top and bottom line, the firm told investors in a research note.