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. to Peer Perform from Underperform without assigning a price target.
The firm told investors in a research note that International Flavors & Fragrances Inc.’s 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. 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.
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This article is originally published at Insider Monkey.
