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Fly News Breaks for January 31, 2020
DD
Jan 31, 2020 | 09:14 EDT
SunTrust analyst James Sheehan lowered his price target on DuPont to $56 and kept his Hold rating after its in-line Q4 earnings and below-consensus guidance for Q1 and FY20. The analyst attributes the shortfall to the pronounced price pressure in the nylon business as well as the unplanned Kevlar plant outages, though he also sees its Electronics & Imaging business driving modest earnings growth due to the buildout of 5G.
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