Barclays analyst Michael Leithead upgraded DuPont (DD) to Equal Weight from Underweight with a price target of $89, up from $85. The firm says better electronics growth, a shorter spin timeline, reduced separation costs, and sum-of-the-parts upside potential are all positive developments for the DuPont investment thesis. Barclays retains “some areas of caution” but finds it “hard to fight the favorable momentum” into the spinoff.
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Read More on DD:
- DuPont price target raised to $88 from $82 at BofA
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- Vincent Andrews Maintains Hold Rating on DuPont Due to Modest Financial Adjustments and Market Alignment
- Cautious Outlook on DuPont due to Limited Growth Potential and Competitive Challenges, Justifying Sell Rating
- DuPont price target lowered to $105 from $107 at Wells Fargo