We issued an updated research report on International Flavors & Fragrances Inc. IFF on Apr 7, 2016. The company, with a $9.3-billion market capitalization, engages in the creation and manufacture of fragrance and flavor products for its wide customer base in the U.S. and internationally.International Flavors & Fragrances constantly strives to expand its product portfolio through innovation as well as acquisitions of other meaningful businesses. In 2015, the company acquired Unipex Group’s Lucas Meyer Cosmetics business and Henry H. Ottens Manufacturing Co., Inc. Also, the company remains committed to rewarding its shareholders with dividend payments and share buybacks.However, International Flavors & Fragrances is not immune to the risks arising from adverse currency movements, geopolitical issues in some foreign countries and stiff competition. For 2016, the company expects adverse foreign currency movements to reduce revenues by 2.5% and earnings per share by 5%.To add to its woes, the company sources its raw materials from various foreign countries. This exposes it to risks arising from disruptions in supply or quality of ingredients as well as rising prices.Near-term headwinds have made investors skeptical of International Flavors & Fragrances’ growth. As a result, over the last 60 days, the Zacks Consensus Estimate for earnings has decreased 6.1% to $1.38 per share for the first quarter, 4.4% to $5.40 per share for 2016 and 4.4% to $5.92 per share for 2017.International Flavors & Fragrances currently carries a Zacks Rank #4 (Sell). However, some stocks are performing well in the chemical industry having gained high investment value. These stocks include Daqo New Energy Corp. DQ, KMG Chemicals Inc. KMG and BioAmber Inc. BIOA. While both Daqo New Energy and KMG Chemicals sport a Zacks Rank #1 (Strong Buy), BioAmber Inc. carries a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BIOAMBER INC (BIOA): Free Stock Analysis Report DAQO NEW ENERGY (DQ): Free Stock Analysis Report INTL F & F (IFF): Free Stock Analysis Report KMG CHEMICALS (KMG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research