DuPont price target lowered to $75 from $103 at UBS

UBS lowered the firm’s price target on DuPont (DD) to $75 from $103 and keeps a Buy rating on the shares. The size and scale of potential reciprocal tariffs are large enough to have an impact on electronics demand, which creates downside risk to the base case for DuPont, the analyst tells investors in a research note. Further, UBS says threat of China retaliation against specific companies is now a more real risk. The firm thinks there is a “very large amount of this potential risk” priced into DuPont’s stock, but understands this is an overhang that will limit investor appetite to own the name.