Wolfe Research Upgrades International Flavors & Fragrances (IFF) to Peer Perform From Underperform

International Flavors & Fragrances Inc. (NYSE:IFF) is one of the best cheap stocks to buy for beginners. On September 8, Wolfe Research upgraded International Flavors & Fragrances Inc. (NYSE:IFF) to Peer Perform from Underperform without assigning a price target.

Materials Dividends Spotlight: International Flavors & Fragrances’ (IFF) Consistent Payouts

The firm told investors in a research note that International Flavors & Fragrances Inc.’s (NYSE:IFF) current risk/reward warrants a less negative stance, adding that various facets of the firm’s previously bearish thesis have played out.

It believes that investors now have an understanding of the long-term risks the food ingredients companies are facing.

International Flavors & Fragrances Inc. (NYSE:IFF) manufactures and supplies fragrances and flavors used in the beverage, household products, food, and personal care industries.

The company’s operations are divided into the following segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

While we acknowledge the potential of IFF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IFF and that has 100x upside potential, check out our report about this cheapest AI stock.

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