JPMorgan analyst Stephen Tusa raised the firm’s price target on DuPont to $85 from $75 and keeps an Overweight rating on the shares. The analyst also added the shares to JPMorgan’s Analyst Focus List as a value idea. DuPont shares are “mis-priced” as its end market exposure and business quality are more favorable than peers, the analyst tells investors in a research note. The firm also sees “another tranche of buyback coming,” which it says is non-fundamental support for the stock that should add 5% to next year’s earnings growth.
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