Posts for Ticker ‘IFF’

Top Analyst Downgrades (AXP, ADSK, DKS, IFF, RBS, SLB)

These are the top pre-market analyst downgrades and negative calls from Wall Street that we have seen this Wednesday morning:

  • American Express (AXP) Cut to Sell from Neutral at Goldman Sachs.
  • Autodesk (ADSK) Cut to Underweight from Hold at KeyBanc.
  • Dick’s Sporting Goods (DKS) Cut to Neutral at Piper Jaffray.
  • International Flavors (IFF) Cut to Underweight at Morgan Stanley.
  • Royal Bank of Scotland (RBS) Cut to Hold at Citigroup.
  • Schlumberger (SLB) Cut to Hold at Citigroup.

JON C. OGG

Posted on: March 11, 2009 – 6:52 am in Analyst Calls, , , , , ,

Top Pre-Market Analyst Downgrades (LNT, CNP, ESLR, FORR, IFF, LTM, LQDT, NTRS, OPXT, REG)

Burning_money_picThese are the top analyst downgrades and negative research calls we have seen on Wall Street this Friday with more than two hours until the market opens:

  • Alliant Energy (LNT) Cut to Neutral at Baird.
  • CenterPoint (CNP) Cut to Hold at Jefferies.
  • Evergreen Solar (ESLR) Cut to Neutral at Piper Jaffray.
  • Forrester Research (FORR) Cut to Market Perform at William Blair.
  • International Flavors (IFF) Cut to Underweight at KeyBanc.
  • Life Time Fitness (LTM) Cut to Market Perform at Morgan Keegan.
  • Liquidity Services (LQDT) Cut to Perform at Oppenheimer.
  • Northern Trust (NTRS) Cut to Market Perform at KBW.
  • Opnext (OPXT) Cut to Perform at Oppenheimer.
  • Regency Centers (REG) Cut to Neutral at JPMorgan.

Jon C. Ogg
February 6, 2009

Posted on: February 6, 2009 – 7:24 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Upgrades (AMT, ES, XOM, IFF, RIMM)

These are some of the upgrades and positive analyst calls we are seeing this Wednesday morning:

  • American Tower (AMT) Raised to Buy at Goldman Sachs.
  • Energy Solutions (ES) Raised to Outperform at FBR.
  • Exxon Mobil (XOM) Raised to Overweight at Barclays.
  • International Flavors & Fragrances (IFF) Raised to Neutral at JPMorgan.
  • Research in Motion (RIMM) Started as Outperform at National Bank.

Jon C. Ogg
October 1, 2008

Posted on: October 1, 2008 – 6:53 am in Analyst Calls, , , , ,

Top Pre-Market Analyst Downgrades (ADLR, MDRX, CRDN, CAG, IFF, MFE, TWX, VRTX, VOD, WWWW)

These are some of the top analyst downgrades and negative calls we are seeing this Wednesday morning:

  • Adolor (ADLR) Cut to Neutral at Piper Jaffray.
  • Allscripts (MDRX) Cut to Neutral at Piper Jaffray.
  • Ceradyne (CRDN) Cut to Underperform at Wachovia.
  • ConAgra (CAG) Cut to Neutral at JPMorgan.
  • International Flavors (IFF) Started as Underweight at Lehman.
  • McAfee (MFE) Cut to Underperform at FBR.
  • Time Warner Inc. (TWX) Cut to Market Perform at Bernstein.
  • Vertex (VRTX) Cut to Perform at Oppenheimer.
  • Vodafone plc (VOD) Cut to Neutral at Credit Suisse.
  • Web.com (WWWW) Cut to Market Perform at FBR.

Jon C. Ogg
September 3, 2008

Posted on: September 3, 2008 – 7:06 am in Analyst Calls, , , , , , , , , ,

Top 10 Early Bird Analyst Calls (ARTC, AGO, FDRY, IFF, PETS, PDS, CRM, SNDK, TEF, TXN)

These are ten of the early bird analyst calls we are seeing this Tuesday morning with over 2 hours to the open:

  • ArthroCare Corp. (NASDAQ: ARTC) Cut to Market Perform at William Blair.
  • Assured Guaranty (NYSE: AGO) Cut to Neutral at JPMorgan.
  • Foundry Networks (NASDAQ: FDRY) Cut to Neutral at Piper Jaffray.
  • International Flavors & Fragrances (NYSE: IFF) Started as Underweight at Lehman.
  • PetMed Express (NASDAQ: PETS) Raised to Neutral from Sell at Piper Jaffray.
  • Precision Drilling (NYSE: PDS) Raised to Outperform at CIBC.
  • salesforce.com (NYSE: CRM) Cut to Hold at Citigroup.
  • SanDisk (NASDAQ: SNDK) Cut to Sell at Citigroup.
  • Telefonica (NYSE: TEF) Cut to Neutral at JPMorgan.
  • Texas Instruments (NYSE: TXN) Cut to Neutral at Merrill Lynch.

Jon C. Ogg
July 22, 2008

Posted on: July 22, 2008 – 6:19 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (MT, CBOU, CPHD, IFF, IP, PFCB, PG, RAI, RF, USX, VQ)

These are some of the top analyst calls we are focusing on this morning:

  • ArcelorMittal (NYSE: MT) Cut to Neutral from Overweight at HSBC.
  • Caribou Coffee (NASDAQ: CBOU) Cut to Neutral from Outperform at Cowen.
  • Cepheid (NASDAQ: CPHD) Raised to Buy from Neutral at UBS.
  • Intl Flavors & Fragrances (NYSE: IFF) Cut to Underweight from Neutral at JPMorgan.
  • International Paper (NYSE: IP) cut To Neutral from Outperform at Credit Suisse.
  • PF Chang’s (NASDAQ: PFCB) Cut to Neutral from Outperform at Cowen.
  • Procter & Gamble (NYSEL PG) Cut to Hold from Buy at Deutsche Bank.
  • Reynolds American (NYSE: RAI) Raised to Neutral from Sell at Goldman Sachs.
  • Regions Financial (NYSE: RF) Raised to Hold from Sell at Citi.
  • US Steel (NYSE: USX) Cut to Hold From Buy at Citigroup.
  • Venoco (NYSE: VQ) Raised to Buy from Hold at Jefferies.

Jon C. Ogg
April 17, 2008

Jon Ogg produces the Special Situation Investing Newsletter.  He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Posted on: April 17, 2008 – 6:52 am in Analyst Calls, , , , , , , , , , ,

Pre-Market Stock News (September 17, 2007)

(ALVR) Alvarion won a WiMAX contract from Digicel Group in the Cayman Islands.
(CTSH) Cognizant Tech announced a 2 for 1 stock split and authorized up to $100 million for share buybacks.
(CX) CEMEX raised revenue projections and said it may divest more assets in US and Europe.
(EDO) EDO Corp. is being acquired by ITT Corp. for 41.19 Billion
(HEPH) Hollis-Eden Pharmaceuticals announced the filing of IND for phase I/II clinical trials with HE3286 in inflammation diseases.
(IART) Integra LifeSciences announced that it received 510(k) clearance from the FDA to market the DuraGen XS Dural Regeneration Matrix in the US.
(IFF) International Flavors announced a $450 million accelerated share buyback as part of its existing $750 million plan.
(LEAP) Leap Wireless rejected the MetroPCS offer.
(MSFT) Microsoft’s $613 million fine in Europe upheld after losing its appeal.
(NFX)  Newfield Exploration is selling North Sea business for $486 million.
(NOK) Nokia is acquiring Enpocket.
(OMPI) Obagi Medical filed to sell up to $100 million in securities.
(PAET) PAETEC Holding to acquire privately held McLeodUSA for $557 million in stock.
(SAI) SAIC won a contract option exercise by NASA from 2004 valued at an additional $205.9 million.
(SNIC) Sonic Solutions announced a multi-year licensing agreement with RealNetworks (RNWK) for Sonic AuthorScript, the company’s media formatting and CD/DVD burning engine.
(TPC) SunCom Wireless Holdings Inc. being acquired by Deutsche Telecom’s T-Mobile.
(ULBI) Ultralife Batteries won a $24 million contract from Raytheon (RTN) for SATCOM-On-The-Move systems.

Jon C. Ogg
September 17, 2007

Posted on: September 17, 2007 – 7:11 am in Pre-Market Activity, , , , , , , , ,

International Flavors & Fragrances Kicks Buybacks Into Overdrive (IFF)

International Flavors & Fragrances Inc. (NYSE: IFF) has announced that it has entered into a $450 million accelerated share repurchase program with Morgan Stanley. Under the accelerated buyback plan, IFF expects to repurchase 10% (or 8 million shares) of its currently outstanding stock, which are expected to be delivered to IFF on September 28, 2007.

Additional shares may be delivered to the Company by the second quarter of 2008. IFF is acquiring these shares under a previously announced $750 million share repurchase program that was approved by IFF’s Board of Directors on July 24, 2007.

IFF is a leading creator of flavors and fragrances by its own pen, but it is perhaps the leader that is one of the behind the scenes in fragrances and flavors.  Its fragrances are used in soap, detergents, creams, perfumes, deodorants, candles, air fresheners and more; while its flavors are used in soft drinks, candies, baked goods, desserts, prepared foods, dietary foods, dairy products, drink powders, pharmaceuticals, snack foods, and alcoholic beverages.

The company’s market cap is just over $4 Billion, while it lists its total assets at $2.546 Billion and total liabilities as $1.552 Billion.  If you back out intangible and goodwill from its books, the net tangible assets are $256 million after you back out all liabilities.  Analysts are looking for 2007 EPS as $2.73 on $2.25 Billion revenues and 2008 as $3.07 EPS on $2.37 Billion in revenues.  Shares closed Friday at $48.67, within the $38.86 to $54.09 trading range over the last 52-weeks.

Jon C. Ogg
September 17, 2007

Posted on: September 17, 2007 – 6:40 am in Stock Buybacks, , ,