International Flavors & Fragrances Price Target Cut to $80, MFS Sells 7.6% Stake
Barclays maintained an Overweight rating on International Flavors & Fragrances while cutting its price target to $80 from $91. Major investors showed mixed sentiment as Massachusetts Financial Services sold 261,000 shares, trimming its stake by 7.6%, while Aaron Wealth Advisors and Tran Capital initiated new positions worth $506k and $21.9M.
1. Barclays Rating and Price Target Revision
On April 14, Barclays reiterated its Overweight rating on International Flavors & Fragrances and reduced its one-year price target to $80 from $91 when shares traded around $71.70. Other analysts maintain an average one-year target near $89.91, reflecting varied expectations for future stock performance.
2. Institutional Investor Activity
Large investors displayed mixed sentiment by trimming and adding to positions. Massachusetts Financial Services sold 261,000 shares, cutting its stake by 7.6% to 3.16 million shares valued at $213.12 million, while Aaron Wealth Advisors purchased 7,513 shares worth $506,000 and Tran Capital initiated a $21.9 million position.