DuPont (DD) Tops Q2 EPS by 12c; raises guidance
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DuPont (DD) PT Raised to $90 at JPMorgan
August 1, 2024 12:00 PM EDTJPMorgan analyst Stephen Tusa Jr. raised the price target on DuPont (NYSE: DD) to $90.00 (from $88.00) while maintaining a Overweight rating.
The analyst comments "DD reported a 2Q beat and raise reflecting continued positive momentum led by broad-based electronics recovery, as well as sequential improvement from all W&P lines of business, with better than anticipated step up in China water business. There was $30 mm of pre-buy during the quarter in E&I as customers accelerated buying in support of new fab capacity primarily in China, existing global fabs are restocking... More
