Jim Cramer on International Flavors & Fragrances: It Used to Be a Better Company

International Flavors & Fragrances Inc. (NYSE:IFF) is one of the stocks Jim Cramer recently offered insights on. Answering a caller’s query about the stock during the lightning round, Cramer remarked:

“Okay, the problem there is that it’s just flatlining. The sales have flatlined. There’s really nothing that I can say that’s good about it. It has no growth, and that’s disappointing. It used to be a better company.”

A stock market graph. Photo by energepic.com

International Flavors & Fragrances Inc. (NYSE:IFF) produces and markets ingredients and solutions for food, beverages, health, biosciences, fragrances, and pharmaceuticals. On October 3, Mizuho reduced its price target on the company’s stock to $75 from $85 while maintaining an Outperform rating.

The price revision came as the firm updated targets across the chemicals and packaging sector in light of third-quarter earnings. Mizuho pointed toward reduced U.S. natural gas-based advantages that may pressure petrochemical margins. The firm named International Flavors & Fragrances Inc. (NYSE:IFF) as one of its top picks.

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Disclosure: None. This article is originally published at Insider Monkey.