IFF price target raised to $90 from $85 at Wells Fargo

Wells Fargo raised the firm’s price target on IFF to $90 from $85 and keeps an Overweight rating on the shares. The firm believes its plan to de-lever via divestitures is on track, and near-term weakness will be confined to Functional and Fragrance Ingredients. Wells sees solid momentum from Scent, Health and Biosciences, and Flavors.