Morgan Stanley upgrades International Flavors & Fragrances to 'overweight'

International Flavors & Fragrances

12/11/2024 12:32

** Morgan Stanley upgrades International Flavors &
Fragrances  IFF.N  to "overweight" from "equal weight"  
    ** Brokerage sees good opportunity to buy the shares after a
12% share price pullback recently 
    ** Morgan Stanley says IFF trades at a 40% discount to U.S.
consumer index, also co trades inexpensive compared with its
peers 
    ** 14 of 22 brokerages rate stock "buy" or higher, 7 "hold"
and 1 "strong sell"; their median PT is $109.5 - LSEG data
    ** As of last close, stock was up ~12.7% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))