EUROPE | Chemicals Equity Research Ingredients Feedback - The Scentiment Check Feedback on our recent ingredients sector note (2 ratings changes, proprietary fragrance tracker, and targeted thematic deep-dives) has been constructively positive. While familiar concerns around end-market demand, input cost inflation and commoditisation remain, investor discussions are becoming more supportive, underpinned by valuation appeal and expectations of improving top-line momentum from Q2. Biggest areas of agreement . ...