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Wells Fargo Thinks DuPont de Nemours’ Stock is Going to Recover

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Wells Fargo analyst Michael Sison maintained a Buy rating on DuPont de Nemours (DDResearch Report) today and set a price target of $72.00. The company’s shares closed last Thursday at $56.36, close to its 52-week low of $52.57.

According to TipRanks.com, Sison is a 5-star analyst with an average return of 10.8% and a 55.4% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on DuPont de Nemours is a Strong Buy with an average price target of $82.36, implying a 47.4% upside from current levels. In a report issued on June 24, Bank of America Securities also maintained a Buy rating on the stock with a $77.00 price target.

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DuPont de Nemours’ market cap is currently $28.66B and has a P/E ratio of 18.84.

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Delaware-based DuPont de Nemours, Inc., which is commonly known as DuPont, is a multi-industry specialty solutions company and provides specialty materials, chemicals, and agricultural products in the United States, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company was formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017. It operates through the following segments: Electronics & Imaging; Nutrition & Biosciences; Transportation & Industrial; Safety & Construction, and Non-Core.

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