Citigroup Inc. has reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 39.5% in the third quarter, selling 195,312 shares and retaining 299,090 shares valued at approximately $18.4 million. Despite missed EPS, IFF’s revenue surpassed expectations, and institutional ownership remains high at 96.02%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.17.
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Citigroup Inc. Reduces Stock Position in International Flavors & Fragrances Inc. $IFF
Citigroup Inc. has reduced its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 39.5% in the third quarter, selling 195,312 shares and retaining 299,090 shares valued at approximately $18.4 million. Despite missed EPS, IFF’s revenue surpassed expectations, and institutional ownership remains high at 96.02%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.17.