KeyBanc raised the firm’s price target on DuPont (DD) to $85 from $81 on a higher earnings forecast, while keeping an Overweight rating on the shares. The firm notes the company’s Q1 beat was driven by the secular trends in electronics, water, and healthcare, the areas KeyBanc highlighted in its recent upgrade. It thinks the quarter underscores the quality of the growth story and the re-rating potential of DuPont’s shares.
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