DuPont price target lowered to $48 from $100 at RBC Capital following spin

RBC Capital analyst Arun Viswanathan lowered the firm’s price target on DuPont (DD) to $48 from $100 and keeps an Outperform rating on the shares. RBC Capital remains positive on DuPont after its Electronics spin, as DuPont is an 8%-10% EPS grower before buybacks, the analyst tells investors in a research note.