Citi Reiterates Buy Rating on International Flavors & Fragrances (IFF)

Citi analyst Pat Cunningham reiterated a Buy rating and $110.00 price target on International Flavors & Fragrances (NYSE: IFF)

The analyst comments "Mr. DeVeau will succeed Glenn Richter, IFF’s current CFO and Business Transformation Officer. Mr. Richter’s previously announced planned retirement will take effect at the end of 2024. Mr. DeVeau joined IFF in 2009 and has held multiple senior finance leadership roles across the global organization, including as SVP, Corporate Finance and Investor Relations; Divisional CFO, Scent, where he led financial planning, forecasting, analysis, acquisitions and performance management for the company’s largest division; and Chief Strategy Officer, where he guided a refreshed corporate strategy focused on long-term profitable growth, portfolio development and transformation. Prior to joining IFF, Mr. DeVeau served in leadership positions in investor relations, finance and corporate development at PepsiCo. Mr. DeVeau began his career as an equity research analyst at Citigroup Investment Research. He holds a bachelor’s degree from Fordham University and completed a Global Executive Leadership Program at INSEAD."

For an analyst ratings summary and ratings history on International Flavors & Fragrances click here. For more ratings news on International Flavors & Fragrances click here.

Shares of International Flavors & Fragrances closed at $88.55 yesterday.

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