DuPont upgraded to Neutral at BofA following ‘excessive’ pullback

As previously reported, BofA upgraded DuPont (DD) to Neutral from Underperform with a price target of $75, down from $88. While the firm does see earnings risks to DuPont from trade disruptions, it views the near 30% pullback in the shares in the last two months as excessive, the analyst tells investors. Reciprocal tariffs could impact both ElectronicsCo and IndustrialCo within DuPont, but temporary exemptions for smartphones and computers should limit consumer electronics demand destruction as these devices face only the 20% fentanyl tariff on Chinese imports, the analyst noted.