Bank of America Securities analyst Steve Byrne has reiterated their neutral stance on DD stock, giving a Hold rating today.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Steve Byrne has given his Hold rating due to a combination of factors impacting DuPont de Nemours. The company shows a promising outlook in its Electronics segment, which has demonstrated resilience with a significant increase in organic growth. However, the presence of substantial tariff risks poses challenges. DuPont faces $500 million in tariffs on raw and intermediate materials, with mitigation strategies potentially incurring additional costs.
Moreover, while there are positive developments in the Water segment with potential benefits from the EPA’s PFAS initiatives, there remain concerns about liability from past discharges. The company’s financial performance in the first quarter exceeded expectations, but the ongoing tariff issues and the need for strategic adjustments in response to these challenges contribute to the Hold rating. The price objective has been adjusted to $78, reflecting these mixed factors.
Byrne covers the Basic Materials sector, focusing on stocks such as Element Solutions, DuPont de Nemours, and Air Products and Chemicals. According to TipRanks, Byrne has an average return of -2.3% and a 44.17% success rate on recommended stocks.
In another report released today, Barclays also maintained a Hold rating on the stock with a $73.00 price target.
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue