03:39 PM EDT, 09/11/2024 (MT Newswires) -- International Flavors & Fragrances ( IFF ) has gained sell-side support in recent months, but buy-side sentiment remains skeptical, Oppenheimer said in a note Wednesday.

"We believe a bit of help from the macro, combined with continued execution delivering their stated objectives, and getting back to basics on innovation and customer mindshare can drive IFF back to its [mid-single-digit] growth algorithm," Oppenheimer said.

Oppenheimer increased its price target for the company to $117 from $116 following a meeting with its investor relations executive Michael Bender. The revised price target suggests the company's strong fundamentals could lead to upside in H2 2024 estimates.

Oppenheimer maintained its outperform rating for International Flavors & Fragrances ( IFF ).

Price: 102.79, Change: -0.02, Percent Change: -0.02