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Bank of America Cuts International Flavors & Fragrances to Underperform

The bank lowered its price target to $91 from $95 after a material rally.

Amber liquid settles inside a glass vial on a tilted shelf / TokenPost.ai
Amber liquid settles inside a glass vial on a tilted shelf / TokenPost.ai

International Flavors & Fragrances Inc. shares fell 3.3% Friday, Nov. 6, after Bank of America cut its rating on the specialty chemicals company to Underperform from Buy and lowered its price target to $91 from $95.

The bank said the stock lacked near-term catalysts after a material rally, making further upside difficult.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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