Berenberg Bank has lowered its price target for International Flavors & Fragrances (NYSE:IFF) to $77.50 from $78.30, maintaining a “hold” rating. Despite the lowered target, several other firms like Barclays, Argus, and Citigroup have recently raised their price targets or ratings for IFF. The company reported a beat on quarterly EPS and revenue but experienced a year-over-year revenue decrease of 7.9%.
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International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $77.50 at Berenberg Bank
Berenberg Bank has lowered its price target for International Flavors & Fragrances (NYSE:IFF) to $77.50 from $78.30, maintaining a “hold” rating. Despite the lowered target, several other firms like Barclays, Argus, and Citigroup have recently raised their price targets or ratings for IFF. The company reported a beat on quarterly EPS and revenue but experienced a year-over-year revenue decrease of 7.9%.