Qnity Electronics initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Qnity Electronics (Q) with an Outperform rating and $100 price target. With AI infrastructure demand surging, investors are hunting for under-the-radar enablers. The firm believes Qnity fits as a “picks and shovels” consumables leader in thermal management, EMI-shielding, and advanced-node. Oppenheimer views Qnity as a “hidden gem,” previously buried within DuPont (DD), with potentially a similar arc to GE Vernova (GEV), both overlooked carve-outs from “old economy” conglomerates, successfully repositioning as AI infrastructure facilitators. Now untethered, Qnity could re-rate higher via sharper focus and targeted execution, the firm adds.