IFF price target raised to $141 from $139 at Goldman Sachs

Goldman Sachs analyst Adam Samuelson raised the firm’s price target on IFF to $141 from $139 and keeps a Buy rating on the shares ahead of its Q4 results. The quarter offers limited upside to consensus expectations amid softening macro environment, but investors are keen to learn on the company’s potential divestitures similar to the Savory Solutions exit recently announced as well as its execution on productivity initiatives, the analyst tells investors in a research note.