John McNulty, an analyst from BMO Capital, reiterated the Buy rating on DuPont de Nemours (DD – Research Report). The associated price target remains the same with $105.00.
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John McNulty has given his Buy rating due to a combination of factors that highlight DuPont de Nemours’ strong performance and promising outlook. The company reported impressive earnings, with significant contributions from its Electronics & Industrial (E&I) and Water & Protection (W&P) segments. This was driven by robust growth in semiconductor and integrated circuit volumes, solid performance in the water sector, and a recovering healthcare business. Such results have exceeded market expectations and suggest resilience against concerns in the auto and consumer electronics sectors.
Additionally, DuPont’s guidance aligns with market consensus and could even surpass buy-side expectations, indicating confidence in its future earnings potential. The company is also poised for a value-enhancing split by late 2025, which might further invigorate investor interest. With industry-leading platforms linked to major secular trends like electronics and water, DuPont is expected to maintain growth rates surpassing GDP, coupled with superior margins. These strategic advantages and the potential spin-off of its electronics segment are likely to unlock further value, supporting McNulty’s positive outlook for the stock.
McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Ashland, and Ecolab. According to TipRanks, McNulty has an average return of 2.3% and a 51.15% success rate on recommended stocks.
In another report released today, Wells Fargo also reiterated a Buy rating on the stock with a $105.00 price target.