International Flavors & Fragrances up after annual forecasts in line with expectations

Shares of food ingredients maker International Flavors & Fragrances IFF.N rise as much as 9.2% to nearly a year's high of $84

Co forecasts annual revenue and profit that largely met Wall Street expectations after market close on Wednesday, along with mixed quarterly results

Announces launch of sale of food ingredients business, its biggest segment by revenue, which fell 4% in sales in Q4 on a currency-neutral basis

Says the business has attracted potential acquirer firms, and will use proceeds from sale to buy back shares, pay down debt as co looks to focus on high-value core businesses

Expects $100 million investment in 2025 into innovation capabilities, high-growth margin categories will show benefit co in second half of 2026 onwards

Average rating of 21 brokerages is "buy"; with a median PT of $85 - data compiled by LSEG

Shares fell 20.3% in 2025