MANE’s (NYSE:MANE) Quiet Period Will Expire on March 16th

MANE’s (NYSE:MANE) quiet period is set to expire on Monday, March 16th. MANE had issued 15,077,647 shares in its IPO on February 4th. The total size of the offering was $256,319,999 based on an initial share price of $17.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

MANE has been the subject of a number of recent analyst reports. Zacks Research raised shares of MANE to a “hold” rating in a research note on Tuesday, March 3rd. Wall Street Zen upgraded MANE to a “hold” rating in a report on Sunday, February 15th. Cantor Fitzgerald started coverage on MANE in a report on Monday, March 2nd. They set an “overweight” rating on the stock. Citigroup initiated coverage on MANE in a research note on Monday, March 2nd. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, Leerink Partners assumed coverage on MANE in a research report on Monday, March 2nd. They set an “outperform” rating and a $75.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.33.

MANE Stock Performance

MANE opened at $48.96 on Monday. MANE has a 1-year low of $32.00 and a 1-year 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.