Deutsche Bank analyst David Begleiter maintains $International Flavors & Fragrances (IFF.US)$ with a buy rating, and adjusts the target price from $110 to $105.
According to TipRanks data, the analyst has a success rate of 56.4% and a total average return of 3.8% 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 share price following earnings is viewed as excessive. The company's guidance for Q4 is seen as cautious.
IFF exhibited a pattern akin to its contemporaries with more robust third-quarter outcomes and a careful optimism regarding customer order trends going into the year's end. This stance resulted in a sell-off of IFF's stock as the market anticipates a stabilization of growth by 2025, mirroring the trend seen across similar companies. Although the projected fourth-quarter adjusted EBITDA falls short of the consensus estimates, it is perceived as a prudent measure of caution by the company. The market's response to IFF's current performance is considered to be excessively pessimistic.
Note:
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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.
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