BGB Securities Maintains Buy on International Flavors & Fragrances (IFF)

BGB Securities is out with its report on International Flavors & Fragrances IFF, maintaining Buy.

In a note to clients, BGB Securities writes, "After concluding an in-depth strategic review of its business, management has essentially reiterated its key financial targets. Of most importance, the company's longterm EPS growth target remains 10+% per year. Local currency sales growth is now targeted at 4-6% (up from a previous target of 4+%). CFO Kevin Berryman noted that management “feels very good” about meeting these targets over the long term, and we share his confidence."

Shares of IFF closed Wednesday at $56.78.