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Fly News Breaks for August 7, 2019
IFF
Aug 7, 2019 | 06:38 EDT
JPMorgan analyst Jeffrey Zekauskas double upgraded International Flavors & Fragrances to Overweight from Underweight while lowering his price target for the shares to $125 from $127. The company's business performance in Q2 "was unrepresentatively low" and the corresponding share selloff has "overshot to the downside," Zekauskas tells investors in a research note. As such, he believes the current share price "represents reasonable business value."
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