Oppenheimer & Co. Inc. analyst Kristen Owen initiated coverage on International Flavors & Fragrances Inc. (NYSE:IFF) with an Outperform rating and a price target of $116. The analyst says that IFF aligns with their focus on meaningful molecules, reflecting consumers’ shifting trend toward health and environmental consciousness. There’s potential for a significant shift in the company’s shareholder base as its portfolio rationalization focuses on key categories, driving improved return on invested capital (ROIC) and strengthening the balance sheet, writes that analyst. The analyst says that as IFF progresses into the third phase ...