JPMorgan analyst Stephen Tusa raised the firm’s price target on DuPont (DD) to $104 from $99 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the electrical equipment and multi-industry sector. The firm is a “bit more cautious” in the near term on the group but says valuation setup “is now at least more attractive.” JPMorgan is “leaning more towards value plays with negative positioning” into the quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DD:
- DuPont Completes Exchange Offers for $2.1 Billion Notes
- DuPont announces effectiveness of Form 10 registration statement for Qnity
- DuPont’s Strategic Spin-Off and Strong Financials Justify Buy Rating
- DuPont to acquire Sinochem RO Memtech Co., terms not disclosed
- DuPont price target raised to $85 from $84 at BofA