Citi upgraded DuPont to Buy from Neutral with a price target of $95, up from $85, following its plan to separate into three distinct, publicly traded companies. Feedback from investors on the news has been positive, as the flexibility of operating as standalone businesses should create value through focused growth and portfolio clarity, the analyst tells investors in a research note. Plus, the firm sees potential from an electronics recovery and abatement of destocking in more challenged markets for DuPont. Citi cites solid earnings from electronics over the next 18 months and the potential for more detail on the separation as potential positive catalysts throughout the year for the upgrade.
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