DuPont price target lowered to $85 from $90 at RBC Capital

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on DuPont to $85 from $90 but keeps an Outperform rating on the shares. Shares fell on weak China and lingering destock in Q3, though the firm remains positive on continued margin expansion through cost savings initiatives and share repurchases through the company’s $2B ASR, the analyst tells investors in a research note.