IFF (IFF) Sells Pharma Solutions Business to Roquette for Up to $2.85B

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Go back to IFF (IFF) Sells Pharma Solutions Business to Roquette for Up to $2.85B

International Flavors & Fragrances (IFF) PT Raised to $85 at BofA Securities

March 20, 2024 2:10 PM EDT

BofA Securities analyst Matthew DeYoe raised the price target on International Flavors & Fragrances (NYSE: IFF) to $85.00 (from $83.00) while maintaining a Neutral rating.

The analyst comments "Yesterday, IFF announced an agreement to sell its Pharma Solutions business to Roquette for $2.85bn. The transaction reflects a... More

International Flavors & Fragrances (IFF) PT Raised to $100 at Deutsche Bank

March 20, 2024 5:19 AM EDT

Deutsche Bank analyst David Begleiter raised the price target on International Flavors & Fragrances (NYSE: IFF) to $100.00 (from $90.00) while maintaining a Buy rating.

The analyst comments "With the sale of Pharma Solutions, IFF has taken a major step in reducing its leverage below 3x and thus removing the leverage overhang on the shares that has existed since the... More

International Flavors & Fragrances (IFF) PT Raised to $85 at Stifel

March 19, 2024 10:24 AM EDT

Stifel analyst Mark Astachan raised the price target on International Flavors & Fragrances (NYSE: IFF) to $85.00 (from $80.00) while maintaining a Hold rating after selling its Pharma business for up to $2.85 billion.

The analyst commented, "IFF announced the sale of its Pharma business for up to $2.85bn,... More