Jim Cramer on International Flavors & Fragrances: It Used to Be a Better Company
Core Insights - International Flavors & Fragrances Inc. (NYSE:IFF) is experiencing stagnant sales, leading to concerns about its growth potential [1] - Mizuho has reduced its price target for IFF from $85 to $75 while maintaining an Outperform rating, indicating a cautious outlook despite naming it a top pick [2] Company Overview - IFF produces and markets ingredients and solutions for various sectors including food, beverages, health, biosciences, fragrances, and pharmaceuticals [1] Market Context - The price target revision by Mizuho reflects broader updates across the chemicals and packaging sector, influenced by reduced U.S. natural gas-based advantages that may impact petrochemical margins [2]