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DuPont's Strategic Split Could Unlock Value, But PFAS Risks Loom Large, Says BofA Analyst - DuPont de Nemours (NYSE:DD)

Summary by Benzinga
BofA Securities analyst Steve Byrne raised the price target for DuPont de Nemours, Inc. (NYSE:DD) from $74 to $80 while reiterating the Underperform rating. The analyst writes that they believe there is logic behind DuPont’s decision to split into three companies and capture higher valuations for the Water and Electronics businesses. The analyst says that DuPont’s position in electronics and its high R&D spend could benefit a spin-co EBITDA mult…

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Benzinga broke the news in New York, United States on Tuesday, May 28, 2024.
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