BofA Securities analyst Salvator Tiano upgrades $International Flavors & Fragrances (IFF.US)$ to a buy rating, and adjusts the target price from $100 to $107.
According to TipRanks data, the analyst has a success rate of 60.0% and a total average return of 0.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $International Flavors & Fragrances (IFF.US)$'s main analysts recently are as follows:
The recent decline in IFF's stock price following earnings is considered to be excessive. The company's guidance for Q4 appears to be on the cautious side, according to an analyst.
IFF demonstrated a pattern akin to its industry counterparts, showcasing robust third-quarter outcomes paired with a cautiously optimistic stance regarding customer order trends into the year's end. This pattern was met with a decrease in IFF's stock value as the market anticipates a return to normalized growth by 2025, echoing sentiments seen across similar companies. The company's projected fourth-quarter adjusted EBITDA may fall short of consensus expectations, but this is perceived as a prudent cautionary approach. The response of the market to IFF's recent results is considered by analysts to be excessively pessimistic.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
