7/102 sources · 2 publishersUpdated Nov 6, 20:03 UTC
BofA downgrades International Flavors & Fragrances to Underperform and cuts price target
Bank of America Securities lowered International Flavors & Fragrances (IFF) from a Buy to an Underperform rating on November 6, 2026. The firm reduced its price target from $95 to $91 per share. BofA cited a lack of near‑term catalysts, softness in non‑Taste businesses and rising cost pressures despite the company reporting third‑quarter adjusted EBITDA of $403 million.
Why it matters
The downgrade and lower price target may prompt investors to reassess IFF’s valuation and could weigh on the stock price in the short term, as noted by BofA’s concerns about near‑term margin pressure.
Key facts
- 1BofA downgraded IFF to Underperform from Buy. investing.com
- 2BofA lowered its price target to $91 from $95. investing.com
- 3BofA also reduced the price target to $91 from $95 in a separate report. seekingalpha.com
- 4IFF reported third‑quarter adjusted EBITDA of $403 million. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.