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Fly News Breaks for February 5, 2019
DWDP
Feb 5, 2019 | 08:36 EDT
Argus analyst Bill Selesky lowered his price target on DowDuPont to $70 after its Q4 earnings came in below his forecast, also lowering his FY19 EPS view to $4.18 from $4.93 after the result and the company's FY19 guidance. The analyst notes that while the company registered an improvement in operating earnings from last year from price and volume gains, the benefits were offset by negative currency translation effects. Selesky keeps his Buy rating on DowDuPont shares citing its attractive valuation of 1.3-times trailing price to book, which is below its historical range of 1.4- to 1.6-times.
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