JPMorgan raised the firm’s price target on DuPont to $85 from $76 and keeps an Overweight rating on the shares. The analyst updated the company’s model to reflect positive trends in the semis and electronics markets. The new price target reflects increased estimates as well as a parity multiple to the group as visibility on the turn improves, the analyst tells investors in a research note.
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 renews collaboration with Silicon Catalyst
- Wolfe starts DuPont at Peer Perform, says destocking driving H2-weighted outlook
- DuPont initiated with a Peer Perform at Wolfe Research
- DuPont de Nemours call volume above normal and directionally bullish
- Third Point buys McKesson, exits T-Mobile in Q4