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Fly News Breaks for July 13, 2018
DWDP
Jul 13, 2018 | 07:39 EDT
JPMorgan analyst Jeffrey Zekauskas thinks DowDuPont is worth $75 per share currently based on a sum of the parts valuation. If the stock were to trade at the 2018 multiples of comparable companies for its 2019 EBITDA, it would be worth $79, Zekauskas tells investors in a research note. The analyst lowered his price target for the shares to $75 from $80 and keeps an Overweight rating on the name. He believes DowDuPont's value should converge to the value of its sum of the parts through the course of 2018 as investors think through the split into three independent companies.
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