IFF upgraded to Buy at Argus on expected earnings turnaround

Argus analyst Alexandra Yates upgraded IFF (IFF) to Buy from Hold with a $93 price target The firm is positive on the company’s “innovative products and global reach”, anticipating synergies and cross-selling opportunities from its recent acquisitions, the analyst tells investors in a research note. The company’s growth trajectory has also been hurt by geopolitical developments and high raw material costs, but Argus believes earnings should turn around amid managerial changes and the potential to benefit from advantageous tariffs with the new administration, the firm adds.