Gabelli Maintains International Flavors & Fragrances (IFF)

Gabelli & Company maintained its International Flavors & Fragrances IFF Buy rating in a research report published today. In the report, Gabelli states, "IFF expects 2011 results to be in-line with long-term targets of 4%+ organic revenue and double-digit earnings per share growth. As category growth rates remain sluggish in the developed markets, it expects developing markets to continue to outperform, growing around 5-6%." Shares of International Flavors & Fragrances were trading at $56.64 at the time of posting, up 3.36% from Thursday's market close.