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International Flavors & Fragrances (NYSE:IFF) was upgraded by investment analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, AnalystRatings.NET reports.

In other International Flavors & Fragrances news, SVP Francisco Fortanet unloaded 2,669 shares of the company’s stock on the open market in a transaction dated Friday, February 14th. The shares were sold at an average price of $91.38, for a total transaction of $243,893.22. Following the transaction, the senior vice president now directly owns 22,120 shares in the company, valued at approximately $2,021,326. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Monday. They now have a $96.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Friday, February 14th. They now have a $98.00 price target on the stock, down previously from $100.00. Finally, analysts at Barclays raised their price target on shares of International Flavors & Fragrances from $95.00 to $106.00 in a research note on Friday, February 14th. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. International Flavors & Fragrances has an average rating of “Buy” and an average target price of $94.29.

Shares of International Flavors & Fragrances (NYSE:IFF) traded down 0.63% during mid-day trading on Friday, hitting $91.39. 386,329 shares of the company’s stock traded hands. International Flavors & Fragrances has a 52 week low of $70.73 and a 52 week high of $93.29. The stock’s 50-day moving average is $86.76 and its 200-day moving average is $84.40. The company has a market cap of $7.425 billion and a price-to-earnings ratio of 21.44.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Thursday, February 13th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.01. The company had revenue of $725.00 million for the quarter, compared to the consensus estimate of $708.21 million. During the same quarter last year, the company posted $0.83 earnings per share. International Flavors & Fragrances’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances will post $4.96 EPS for the current fiscal year.

International Flavors & Fragrances Inc (NYSE:IFF) creates, manufactures and supplies flavors and fragrances for the food, beverage, personal care and household products industries.

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