RBC Capital analyst Arun Viswanathan lowered the firm’s price target on DuPont (DD) to $90 from $101 and keeps an Outperform rating on the shares. The firm cites reduced market multiples in its price target cut but also notes that it would use the recent significant stock pullback on US/China tariffs as an opportunity to add to DuPont given Water & Protection segment improvement/electronics growth, upcoming catalysts from its Electronics spin, and potential Aramids asset sales, the analyst tells investors in a research note.
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