International Flavors & Fragrances Inc
IFF: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $686.00 | Khqdk | Qdjkzmq |
International Flavors & Fragrances: New CEO Will Take Over to Finish Company Turnaround
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International Flavors & Fragrances announced a leadership change. Incoming CEO J. Erik Fyrwald will replace current CEO Frank Clyburn effective Feb. 6, 2024. The company is in the middle of a turnaround where the company will look to restore profits, while potentially divesting assets as a way to pay down debt. We think Fyrwald will continue this strategy. Accordingly, we see no reason to change our outlook for International Flavors & Fragrances. We maintain our $130 per share fair value estimate and wide moat rating for the company.