Citigroup Initiates Coverage on MANE (NYSE:MANE)

Research analysts at Citigroup assumed coverage on shares of MANE (NYSE:MANE) in a report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $85.00 price target on the stock. Citigroup’s price target suggests a potential upside of 86.00% from the company’s current price.

Several other equities research analysts also recently commented on the company. Leerink Partners assumed coverage on MANE in a report on Monday. They set an “outperform” rating and a $75.00 target price for the company. Jefferies Financial Group assumed coverage on shares of MANE in a research note on Monday. They set a “buy” rating and a $75.00 price objective for the company. Wall Street Zen upgraded shares of MANE to a “hold” rating in a report on Sunday, February 15th. Finally, Cantor Fitzgerald began coverage on shares of MANE in a research report on Monday. They issued an “overweight” rating for the company. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, MANE currently has an average rating of “Buy” and a consensus target price of $78.33.

MANE Trading Up 6.5%

Shares of NYSE:MANE opened at $45.70 on Monday. MANE has a fifty-two week low of $32.00 and a fifty-two week 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.