BNP Paribas Exane Lowers IFF Price Target to $85, Maintains Outperform Rating

BNP Paribas Exane has revised its price target for International Flavors & Fragrances (IFF) downward to $85 from a previous $88. Despite the reduction, analysts maintained an 'Outperform' rating on the stock, suggesting a potential upside of approximately 19.65% from current levels. This adjustment follows the company's recent quarterly earnings report, which presented a mixed financial picture. While IFF exceeded revenue expectations, it failed to meet analyst estimates for earnings per share (EPS). In a notable show of confidence, company director Paul J. Fribourg recently increased his stake in the firm significantly. The combination of a maintained bullish rating and insider buying suggests that analysts still see long-term value despite the near-term price target recalibration.