RBC Capital raised the firm’s price target on DuPont (DD) to $60 from $56 and keeps an Outperform rating on the shares. The company continues to see strong earnings growth from mid-single digit growth in revenues translating into high-single-digit EBITDA and low-double-digit EPS growth, as cost optimization strategies and strong volumes in most end markets are offsetting Building & Construction segment weakness and higher cost/disruptions due to the Iran conflict, the analyst tells investors in a research note.
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