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Fly News Breaks for February 15, 2019
IFF
Feb 15, 2019 | 08:25 EDT
JPMorgan analyst Jeffrey Zekauskas lowered his price target for International Flavors & Fragrances to $127 from $130 following the company's Q4 results. International Flavors is a high return company that is not growing much right now, Zekauskas tells investors in a research note. The stock performance is likely to depend on whether the growth rate of the company accelerates due to the Frutarom acquisition, and early data suggests the targets will be hard to reach, contends, the analyst. He keeps an Underweight rating on International Flavors.