IFF's Leverage to Improve by 2025, Sales Momentum to Boost EBITDA, Projects Analyst

Loading... Stifel analyst Mark S. Astrachan upgraded International Flavors & Fragrances Inc. IFF stock to Buy from Hold with an increased price target of $115 from $95. IFF's volumes rebounded strongly in the first-quarter 2024, rising mid-single-digits after five quarters of decline, writes the analyst. Astrachan expects mid-single-digit volume growth throughout 2024, driven by improved comparisons and a return to growth among many F&F customers in the second half of 2024. Astrachan anticipates leverage wi ...