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Fly News Breaks for February 1, 2019
DWDP
Feb 1, 2019 | 08:58 EDT
BMO Capital analyst John McNulty lowered his price target on DowDuPont to $66, saying its Q4 results were "mediocre". The analyst believes that while his expectations for the stock to outperform were excessive, he believes the investor "hate" is also overdone. McNulty keeps his Outperform rating on DowDuPont based on the lower bar from its 2019 guidance, potential for improvement in the second half of the year, and "significant financial flex and levers to pull", saying these factors combine to offer a "compelling risk-reward".
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