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Fly News Breaks for February 25, 2019
IFF
Feb 25, 2019 | 07:59 EDT
KeyBanc analyst Michael Sison lowered his price target for International Flavors to $143 from $160 to reflect an updated 2019 outlook. The analyst reiterates an Overweight rating on the shares as he believes the Frutarom acquisition is a strong, long-term strategic fit. While he recognizes year one is weaker than expected, International Flavors should generate strong DD sales and EBITDA growth year over year with the Frutarom acquisition and LSD organic growth, Sison contends.