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Fly News Breaks for June 4, 2019
DD
Jun 4, 2019 | 06:15 EDT
UBS analyst John Roberts raised his price target on DuPont to $95 and kept his Buy rating, adjusting his model after "RemainCo" DowDuPont become DuPont. The analyst contends that the 11-times expected forward EBITDA valuation multiple "significantly undervalues the quality" of the new entity's portfolio, modeling free cash flow growth at 10% per year over the next 5 years, on 6% EBITDA and 4% sales growth.
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