The Latest Breaking News from IFF

On a call with Wall Street analysts after the Fortune 500 company reported its 2024 results, CEO Erik Fyrwald made it clear that acquisitions were back on the table—but with a more disciplined approach.

Despite International Flavors & Fragrances’ underperformance over the past year, Wall Street analysts remain moderately optimistic about its future prospects.

December S&P 500 E-Mini futures (ESZ24) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.27% this morning as investors braced for the closely contested U.S. presidential election, while also awaiting a new round of economic data and corporate earnings reports.

International Flavors & Fragrances is scheduled to report its third-quarter results next month, and analysts expect a double-digit earnings growth.

International Flavors & Fragrances had two unusually active call options in Thursday trading. It appears that the calls set up nicely for a diagonal spread. Should investors board IFF stock now that it’s bounced back from its October 2023 lows?

Despite International Flavors & Fragrances’ outperformance compared to its industry peers over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.

International Flavors & Fragrances has significantly outperformed the broader market this year, and Wall Street analysts are moderately bullish about the stock’s prospects.

With International Flavors & Fragrances expected to release its Q2 earnings next month, analysts project a single-digit bottom-line growth.

The 52-week highs on the NYSE and Nasdaq have recovered nicely in May. On Tuesday, 167 NYSE stocks hit 52-week highs, up from just 5 in mid-April. Nasdaq’s 52-week highs total 104, nearly 10x what they were three weeks ago.