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Fly News Breaks for October 15, 2019
IFF
Oct 15, 2019 | 16:33 EDT
Wells Fargo analyst Michael Sison initiated coverage of International Flavors & Fragrances with a Market Perform rating and $125 price target. While the analyst believes the Frutarom acquisition has good long term potential, he points out that the business has underperformed thus far. Frutarom will have to generate "more attractive and consistent" organic growth to drive multiple expansion for the stock from current levels, says the analyst.
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