Mizuho raised the firm’s price target on DuPont (DD) to $90 from $85 and keeps an Outperform rating on the shares. The firm updated its sum-of-the-parts valuation following the sale of DuPont’s fabric businesses for $1.83B. The remaining company should be less cyclical with higher free cash flow conversion, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DD:
- DuPont Announces Sale of Aramids Business for $1.8B
- DuPont’s Strategic Sale of Aramids Business: Balancing Risks and Rewards with a Hold Rating
- DuPont’s Strategic Sale and Growth Prospects Underpin Buy Rating
- DuPont price target raised to $107 from $101 at BMO Capital
- DuPont sale of Aramids furthers mix shift strategy, says BofA