BMO Capital lowered the firm’s price target on DuPont (DD) to $104 from $107 and keeps an Outperform rating on the shares. DuPont and Qnity management each gave detailed reviews of their businesses ahead of the pending November 1st split as each demonstrated a solid opportunity to drive value for investors going forward, the analyst tells investors in a research note. The new DuPont will focus on accelerating growth and scale in Water/HC, improving its margin profile, and using its significant balance sheet and free cash flow flexibility, the firm added.
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