-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下：我们将IFF的12个月目标价从85美元上调至89美元，估值倍数为20.1倍（基于2026年每股收益预期，下调0.04美元至4.42美元；2027年预期下调0.05美元至4.78美元），略高于IFF过去三年的平均预期市盈率19.7倍。我们的估值反映了公司正在进行的战略转型，即向高利润率、创新驱动型业务组合转型。鉴于管理层在多年破坏价值的并购决策后，已在修复资产负债表方面取得进展，我们认为目前的估值倍数是合理的。IFF的食品配料业务剥离似乎进展顺利，公司近期已完成将其大宗大豆压榨、浓缩和卵磷脂业务出售给邦吉的交易。不利的一面是，我们认为香水业务近期面临挑战，中东地缘政治冲突导致物流和商品成本上涨，对高级香水市场构成压力。然而，IFF预计，在产品线不断增强的推动下，健康业务将于2026年下半年恢复增长，并在2027年进一步改善。
Related Articles
Mining & Metals
Orestone Mining Provides First Gold Assays From Francisca Surface Exploration Program, Argentina
Orestone Mining (ORS.V) provided initial assay results received from the Phase I exploration program on the Francisca Gold project in Salta Province, Argentina, on Thursday.The company noted this program included the resampling of existing trenches for which it only possessed historic summary data. Mapping at the South Gold zone indicates a stockwork width from 40-70 metres averaging 50 metres along a 400-500 metre strike length, it said."The zone consists of highly sericite argillic altered porphyry and hornfels host rocks cut by a dense stockwork of thin light brown limonite veinlets with thin dark quartz vein centres and thicker dark limonite quartz veins that are both vertical and shallow dipping," said Orestone in a statement. "Assay results for the first two trenches at Francisca compare favorably to historically reported data and confirm that a robust gold-silver mineralized stockwork system is exposed on the surface."The company's goal is to define a gold-silver deposit that can be mined by open pit.Shares of the company were last seen down 4.2% at $0.115 on the TSX Venture Exchange.Price: $0.115, Change: $-0.005, Percent Change: -4.2%
$ORS.V
Australia
Novartis Starts Construction on Texas Cancer Therapy Manufacturing Facility
Novartis (NVS) said Thursday it started construction on a new radioligand therapy manufacturing facility in Denton, Texas, as part of the company's broader $23 billion US investment plan.The company said the Texas facility will become its fifth radioligand therapy manufacturing site in the US and is expected to begin operations in 2028, supporting production of personalized cancer therapies.The company said the project is part of its plan to expand US manufacturing and research operations over five years.Price: $145.47, Change: $-2.89, Percent Change: -1.95%
$NVS
US Markets
April Layoff Announcements Rise Amid Tech Job Cuts
US job cuts increased in April to the third-highest total for the month since 2009 as technology companies continued to announce layoffs amid a shift toward artificial intelligence, Challenger Gray & Christmas said Thursday.Employers in the US announced 83,387 layoffs last month, up 38% from March, but down 21% year over year, according to the outplacement and executive coaching firm. The consensus was 70,000 job cuts in a Bloomberg-compiled survey.The technology sector led the workforce reductions for April, with 33,361 cuts, reflecting an annual increase of 33%."Technology companies continue to announce large-scale cuts and are leading all industries in layoff announcements," Andy Challenger, the firm's chief revenue officer, said in a statement. "They are also often citing AI spend and innovation. Regardless of whether individual jobs are being replaced by AI, the money for those roles is."Meta Platforms (META) announced plans to let 8,000 employees go and cancel 6,000 open roles in April, while Snap (SNAP) said it will lay off about 1,000 employees.So far this year, about 16% of total job cuts have been attributed to AI, up from 13% through March, according to Challenger Gray & Christmas.Employers announced a total of 300,749 job cuts for the first four months of the year, about half of those recorded in the same period last year, the firm said.The report comes a day before the April nonfarm payrolls report.Official data is expected to show Friday that the US economy added 65,000 nonfarm jobs in April, compared with a 178,000 increase reported for the previous month, according to a Bloomberg-compiled consensus. On Wednesday, ADP (ADP) said that employment in the US private sector grew at its fastest pace in more than a year.Separately, the seasonally adjusted number of initial jobless claims increased to 200,000 for the week ended May 2 from the previous week's upwardly revised level of 190,000, the Department of Labor reported Thursday. The consensus was for a 205,000 reading.For the week ended April 25, continuing claims fell by 10,000 to about 1.77 million, below Wall Street's estimate of 1.8 million.Price: $616.52, Change: $+3.63, Percent Change: +0.59%
$META$SNAP