Wolfe Research Upgrades International Flavors & Fragrances (IFF) to Peer Perform From Underperform

Group 1 - International Flavors & Fragrances Inc. (NYSE:IFF) is considered one of the best cheap stocks for beginners, with Wolfe Research upgrading its rating to Peer Perform from Underperform on September 8 without a price target [1] - The firm indicated that the current risk/reward profile of IFF warrants a less negative outlook, as various aspects of its previously bearish thesis have materialized [2] - Investors now have a clearer understanding of the long-term risks faced by food ingredients companies, which includes IFF [2] Group 2 - IFF manufactures and supplies fragrances and flavors for various industries, including beverages, household products, food, and personal care [3] - The company's operations are segmented into Nourish, Health & Biosciences, Scent, and Pharma Solutions [3]