11:30 AM EDT, 05/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target by $4 to $73, 17.2x our 2025 EPS of $4.27 (down from $4.30; we lower our 2026 view to $4.53 from $4.68), below IFF's three-year average forward P/E of 19.9x. We view IFF's share price as unsustainable based on growth rates implied by our three-stage DCF. To justify its current ~$77 price, IFF would need to grow after-tax EBIT at an 8.8% CAGR from 2027 to 2031, which we view as unlikely given that IFF has only posted a five-year CAGR above 8.8% once in the last 10 years, averaging just 3.7%. The ratio of FY 24 goodwill and intangible assets represented 78% of the 2025 Q1 quarter end-market cap, a ratio we view as indicative of the forthcoming $1.15B impairment charge and consistent with our concerns of significant goodwill and intangible asset values relative to market cap. We remain cautious given IFF's track record of acquisitions and high goodwill-to-market cap ratio of 72% (Q1 asset value vs. May 16, 2025, closing price), which we view as a risk for future impairments.