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Rating: IFF
Buy $109

Internationa Flavors & Fragrances, Inc. (NYSE: IFF) reiterated to Buy with price target $109 by Argus

Monday,  May 19, 2014  12:00 AM ET by Kristen Bailey

Argus reiterated Internationa Flavors & Fragrances, Inc. (NYSE: IFF) to Buy with
price target $109. Argus rated Internationa Flavors & Fragrances, Inc. (NYSE: IFF) to Buy with price target $106 on 03/04/2014, when the price was $95.98.

International Flavors & Fragrances Inc. is a creator and manufacturer of flavor and fragrance products used by other manufacturers to impart or improve flavor or fragrance in a wide variety of consumer products. Fragrance products are sold principally to manufacturers of perfumes, cosmetics, soaps and detergents, and flavor products to manufacturers of prepared foods, beverages, dairy foods, pharmaceuticals and confectionery products.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system



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