BMO Capital analyst John McNulty maintained a Buy rating on DuPont de Nemours (DD – Research Report) yesterday and set a price target of $116.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
John McNulty has given his Buy rating due to a combination of factors that highlight DuPont de Nemours’ strategic positioning and leadership strength. The appointment of Jon Kemp as CEO of the planned Electronics Co. is a key factor, as Kemp has demonstrated significant expertise and leadership within DuPont’s Electronics & Industrial platform. His extensive experience in organic growth, mergers, and acquisitions positions him well to lead the new entity.
Additionally, the appointment of Michael Stubblefield as chairman of the board brings seasoned leadership to the table, further solidifying the company’s strategic direction. DuPont’s industry-leading platforms in electronics, water, healthcare, and safety are aligned with secular growth themes, which are expected to drive growth at rates exceeding GDP. The upcoming spin-off is anticipated to unlock further value, positioning DuPont to outperform its peers in the specialty chemical and industrial sectors.
In another report released yesterday, Citi also reiterated a Buy rating on the stock with a $95.00 price target.
DD’s price has also changed slightly for the past six months – from $82.860 to $77.700, which is a -6.23% drop .