Gabelli & Company Reports on International Flavors & Fragrances (IFF)

Gabelli & Company commented on International Flavors & Fragrances IFF in a report released earlier today. In the report, Gabelli was positive in its outlook on the company. Gabelli writes, “Strong sales drove top-tier 1Q results, as a result management reiterated its long-term targets, including: Sales +4-6%, operating profit +7-9% and EPS 10%+, which will be driven by innovation, portfolio mix, pricing, efficiency/cost discipline and volume leverage, following investments behind business development (sales, marketing) and its R&D infrastructure.” Gabelli & Company has a Buy rating on the stock. Shares of International Flavors & Fragrances closed the trading day at $65.24, up from the opening price of $64.93.