DuPont price target lowered to $83 from $92 at UBS

UBS lowered the firm’s price target on DuPont to $83 from $92 and keeps a Buy rating on the shares after its Q4 results. The firm anticipated some softness in the company’s guide for 2024 as it expected most companies to be conservative on end market expectations, but the management’s guidance framework for the first half of the year was worse than expected, the analyst tells investors in a research note. DuPont expects to return to group level earnings and sales growth in the second half of the year, but investors will likely need to see a floor under Industrial volumes, UBS added.