DuPont price target raised to $85 from $81 at Barclays

Barclays raised the firm’s price target on DuPont to $85 from $81 and keeps an Equal Weight rating on the shares. The company’s break-up announcement creates renewed debate about the “right multiple” for the shares, the analyst tells investors in a research note. However, the CEO’s exit is viewed as abrupt and the 18-24 month process likely leaves the shares relatively range bound near-term, says the firm.