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Fly News Breaks for April 28, 2015
DD
Apr 28, 2015 | 07:30 EDT
CLSA upgraded DuPont to Outperform and increased its price target to 87 from $78. The firm believes the Institutional Shareholder Service, ISS, recommendation in favor of Trian dramatically shifts the risk-reward in the favor of the stock. CLSA said shareholders win either way, if Trian can gain seats on the board transparency and accountability will be fulfilled, and if not, DuPont's board will likely have received a protest vote. CLSA's upgrade reflect a higher degree of confidence DuPont will take real costs out and meet reduction targets.
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