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International Flavors & Fragrances (NYSE:IFF) Upgraded to "Outperform" at Oppenheimer
Oppenheimer upgraded International Flavors & Fragrances (NYSE:IFF) from “market perform” to “outperform,” setting a $97 price target, which implies an 18.87% upside. This upgrade comes despite IFF missing its EPS estimate but beating revenue expectations in its latest quarter, though revenue was down 6.6% year-over-year. Analyst coverage remains mixed but leans positive, with a “Moderate Buy” consensus and an average target price of $87.53 indicating continued analyst interest in the specialty chemicals company.