MANE (NYSE:MANE) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Zacks Research upgraded MANE to a "Hold" rating in its latest note to investors.
• Most recent broker activity shows four analysts at Buy/Overweight and one Hold, giving MANE a consensus rating of "Moderate Buy" and a consensus target price of $78.33.
• Shares jumped about 5.5%, opening at $47.57 and trading within a 12-month range of $32.00–$51.56, well below the consensus target.

MANE (NYSE:MANE - Get Free Report) was upgraded by research analysts at Zacks Research to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on MANE. Citigroup began coverage on MANE in a report on Monday. They issued a "buy" rating and a $85.00 target price for the company. Wall Street Zen upgraded MANE to a "hold" rating in a research note on Sunday, February 15th. Cantor Fitzgerald began coverage on MANE in a report on Monday. They set an "overweight" rating for the company. Jefferies Financial Group began coverage on shares of MANE in a research report on Monday. They set a "buy" rating and a $75.00 target price on the stock. Finally, Leerink Partners initiated coverage on MANE in a report on Monday. They set an "outperform" rating and a $75.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, MANE currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.33.

MANE Stock Up 5.5%

NYSE MANE opened at $47.57 on Tuesday. MANE has a twelve month low of $32.00 and a twelve month high of $51.56.

About MANE

MANE is a global manufacturer and supplier of flavors, fragrances and ingredients for the food, beverage, personal care, household and fine fragrance markets. Headquartered in France, the company develops and produces aromatic solutions that are used by consumer goods companies, food processors, perfumers and formulators seeking sensory impact, taste modulation and olfactory character for their products.

The company's product portfolio includes savory and sweet flavor systems, beverage concentrates, natural extracts, essential oils, fragrance compounds, cosmetic ingredients and specialty functional solutions such as taste enhancers and odor masking agents.

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