International Flavors & Fragrances Inc
IFF: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$787.00 | Rsb | Dwmbqrv |
International Flavors & Fragrances: Lucas Meyer Cosmetics Business Will Be Sold to Clariant
International Flavors & Fragrances announced the divestiture of the Lucas Meyer cosmetics ingredients business to Clariant for $810 million in cash proceeds. Having updated our model to include the deal, we maintain our $130 per share fair value estimate for IFF. Our wide moat rating is also unchanged.