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Fly News Breaks for May 14, 2015
DD
May 14, 2015 | 06:58 EDT
Deutsche Bank recommends using the weakness yesterday in shares of DuPont (DD) after the company's proxy victory over Trian as a buying opportunity. Deutsche expects CEO Ellen Kullman to announce additional portfolio and cost actions in the future and believes the Chemours spin will be a positive event for shareholders. It also thinks Monsanto's (MON) recent offer to acquire Syngenta (SYT) has established a new market value for a crop protection chemical-heavy Ag business. The firm keeps a Buy rating on DuPont with an $83 price target.
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