DuPont reinstated with an Overweight at JPMorgan

JPMorgan analyst Stephen Tusa reinstated coverage of DuPont with an Overweight rating and $75 price target. Despite cyclical risks, the stock price does not fairly reflect the earnings power and quality of the remaining DuPont portfolio, "a disconnect that should continue to remedy over the next 12 months," Tusa tells investors in a research note. The analyst expects an analyst day in the first half of 2023 to "update the narrative and provide a definitive view of the long-term earnings power of the portfolio," serving as a share catalyst.