Bank of America Securities analyst Steve Byrne maintained a Sell rating on DuPont de Nemours (DD – Research Report) today and set a price target of $89.00. The company’s shares opened today at $87.64.
Byrne covers the Basic Materials sector, focusing on stocks such as Cf Industries Holdings, Westlake Chemical, and Element Solutions. According to TipRanks, Byrne has an average return of -1.8% and a 44.11% success rate on recommended stocks.
Currently, the analyst consensus on DuPont de Nemours is a Moderate Buy with an average price target of $98.67, which is a 12.59% upside from current levels. In a report released today, Barclays also maintained a Sell rating on the stock with a $85.00 price target.
Based on DuPont de Nemours’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.17 billion and a net profit of $178 million. In comparison, last year the company earned a revenue of $3.06 billion and had a net profit of $319 million
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DuPont de Nemours (DD) Company Description:
Delaware-based DuPont de Nemours, Inc., which is commonly known as DuPont, is a multi-industry specialty solutions company and provides specialty materials, chemicals, and agricultural products in the United States, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company was formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017. It operates through the following segments: Electronics & Imaging; Nutrition & Biosciences; Transportation & Industrial; Safety & Construction, and Non-Core.
