Market Overview

UPDATE: Citigroup Upgrades DuPont as Transformation Could Lead to Long-Term Value Creation

Share:
Related DD
DuPont Unit The Chemours Co. Announces Eight Individuals Elected to Board Following Spinoff
Nelson Peltz Is A Consistent Man: A Look At His Almost Unchanged Q1 Portfolio
Activist : Long-Term Reformers or Corporate Raiders (Fox Business)

In a report published Friday, Citigroup analyst P.J. Juvekar upgraded the rating on DuPont (NYSE: DD) from Neutral to Buy, and raised the price target from $61.00 to $70.00.

In the report, Citigroup noted, “DD announced a formal separation of its Perf Chemicals business, which includes TiO2. This could unlock value at DD by creating two companies more focused on their core competencies and more nimble in decision making. Less emphasis on TiO2 would lead investors to focus on other parts of DD's portfolio, lead to greater transparency at the segment level, and likely drive more accountability at both companies. We have always said that DD's portfolio is like juggling 6 balls simultaneously – now DD mgmt will have fewer balls to juggle.”

DuPont closed on Thursday at $61.38.

Latest Ratings for DD

DateFirmActionFromTo
May 2015Bank of AmericaUpgradesUnderperformNeutral
Apr 2015CLSAUpgradesUnderperformOutperform
Apr 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for DD
View the Latest Analyst Ratings

Posted-In: Citigroup P.J. JuvekarAnalyst Color Upgrades Analyst Ratings

 

Related Articles (DD)

Around the Web, We're Loving...

Get Benzinga's Newsletters