Earnings
International Flavors & Fragrances (NYSE:IFF) Raised to Hold at KeyCorp
KeyCorp has upgraded International Flavors & Fragrances (IFF) to a "Hold" rating, projecting earnings of $4.05 per share for FY2027 and $4.45 for FY2028. Despite a recent earnings miss, with $0.82 EPS reported against a $1.07 consensus, the company's revenue increased by 1.8% year over year. IFF has also authorized a $2.5 billion share repurchase program, indicating management believes its shares are undervalued.