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Morgan Stanley Upgrades International Flavors & Fragrances Inc (IFF) to an Overweight from an Equal-weight

International Flavors & Fragrances Inc’s filing revealed that its President, Nourish Arora Yuvraj unloaded Company’s shares for reported $0.46 million on Nov 11 ’24. In the deal valued at $91.75 per share,5,000 shares were sold. As a result of this transaction, Arora Yuvraj now holds 3,238 shares worth roughly $0.29 million.

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Then, Arora Yuvraj bought 5,000 shares, generating $458,775 in total proceeds.

Before that, Strzelecki Angela sold 2,588 shares. International Flavors & Fragrances Inc shares valued at $247,560 were divested by the President, Pharma Solutions at a price of $95.66 per share. As a result of the transaction, Strzelecki Angela now holds 8,539 shares, worth roughly $0.78 million.

Morgan Stanley upgraded its International Flavors & Fragrances Inc [IFF] rating to an Overweight from a an Equal-weight in a research note published on November 12, 2024; the price target was decreased to $110 from $111. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. Vertical Research also remained covering IFF and has increased its forecast on November 07, 2024 with a “Buy” recommendation from previously “Hold” rating. Oppenheimer maintained its rating on September 11, 2024. It rated IFF as “an Outperform”.

Price Performance Review of IFF

On Tuesday, International Flavors & Fragrances Inc [NYSE:IFF] saw its stock jump 0.04% to $90.93. Over the last five days, the stock has gained 2.25%. International Flavors & Fragrances Inc shares have risen nearly 12.30% since the year began. Nevertheless, the stocks have risen 21.50% over the past one year. While a 52-week high of $106.77 was reached on 10/15/24, a 52-week low of $72.94 was recorded on 02/28/24. SMA at 50 days reached $98.80, while 200 days put it at $93.62.

Levels Of Support And Resistance For IFF Stock

The 24-hour chart illustrates a support level at 90.12, which if violated will result in even more drops to 89.32. On the upside, there is a resistance level at 91.56. A further resistance level may holdings at 92.20. The Relative Strength Index (RSI) on the 14-day chart is 41.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.99%. Stochastics %K at 55.59% indicates the stock is a holding.

How much short interest is there in International Flavors & Fragrances Inc?

A steep rise in short interest was recorded in International Flavors & Fragrances Inc stocks on 2024-11-15, growing by 0.85 million shares to a total of 4.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.15 million shares. There was a rise of 21.29%, which implies that there is a positive sentiment for the stock.

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