Leerink Partners Forecasts Strong Price Appreciation for MANE (NYSE:MANE) Stock

MANE (NYSE:MANE) had its price objective lifted by equities research analysts at Leerink Partners from $75.00 to $90.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Leerink Partners’ target price points to a potential upside of 30.44% from the company’s current price.

A number of other research firms also recently weighed in on MANE. Wall Street Zen raised shares of MANE to a “hold” rating in a research note on Sunday, February 15th. Cantor Fitzgerald assumed coverage on shares of MANE in a research note on Monday, March 2nd. They issued an “overweight” rating on the stock. Citigroup assumed coverage on shares of MANE in a research note on Monday, March 2nd. They issued a “buy” rating and a $85.00 price target on the stock. Zacks Research raised shares of MANE to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group assumed coverage on shares of MANE in a research note on Monday, March 2nd. They issued a “buy” rating and a $75.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, MANE has an average rating of “Moderate Buy” and an average price target of $83.33.

MANE Stock Performance

Shares of NYSE:MANE opened at $69.00 on Wednesday. The firm’s fifty day moving average price is $58.03. MANE has a 12-month low of $32.00 and a 12-month high of $80.90.

MANE Company Profile

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.