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DWDP

DowDuPont

$32.13

-1.36 (-4.06%)

16:42
05/07/19
05/07
16:42
05/07/19
16:42

DowDuPont board approves Corteva distribution

DowDuPont announced that its Board of Directors has approved the previously announced separation of DowDuPont's Agriculture Division, which will become Corteva Agriscience on June 1. To effect the separation, the DowDuPont Board of Directors declared a pro rata dividend of all of the outstanding shares of common stock of Corteva. The dividend is expected to be paid on June 1 to DowDuPont stockholders of record as of the close of business on May 24, the record date. Effective as of the distribution date, each DowDuPont stockholder will receive one share of Corteva common stock for every three shares of DowDuPont common stock they held on the record date. Registered DowDuPont stockholders will receive cash in lieu of any fractional shares of Corteva common stock.

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    May

DWDP DowDuPont
$32.13

-1.36 (-4.06%)

04/16/19
04/16/19
DOWNGRADE
Target $40

Sector Perform
DowDuPont downgraded to Sector Perform at RBC Capital on Dow spinoff impact
As previously reported, RBC Capital analyst Arun Viswanathan downgraded DowDuPont to Sector Perform from Outperform and lowered his price target to $40 from $61, citing the impact of the company's spinoff of Dow on April 2nd. The analyst believes that DowDuPont's focus on its Specialty division opens it to the economic macro concerns in Europe and China. Viswanathan also points to the continued weakness in the company's Agriculture segment following the March floods in the Midwest as well as the separation costs related to the Dow spin and Corteva spin in June 2019, stating that DowDuPont looks "fairly priced at the current levels" given its two remaining divisions.
04/16/19
04/16/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HollyFrontier (HFC) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying he now sees a less attractive crude differential environment given a narrower Brent-WTI and WTI-WCS spread forecast in 2019 and 2020. 2. BP (BP) downgraded to Outperform from Top Pick at RBC Capital with analyst Biraj Borkhataria citing valuation. 3. Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Rod Hall saying Cisco has executed well on rolling out its Catalyst 9000 products that have driven "solid" double digit growth in campus switching revenues. 4. DowDuPont (DWDP) downgraded to Sector Perform from Outperform at RBC Capital with analyst Arun Viswanathan citing the impact of the company's spinoff of Dow on April 2nd. 5. EOG Resources (EOG) and EQT Corporation (EQT) downgraded to Neutral from Buy at MKM Partners. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/03/19
FBCO
05/03/19
NO CHANGE
Target $43
FBCO
Outperform
DowDuPont post-spin investor fears 'overdone,' says Credit Suisse
Credit Suisse analyst Christopher Parkinson maintained an Outperform rating and $43 price target on DowDuPont following Thursday's earnings report, saying that while Q2 guidance was a "tough" lighter than expectations, he thinks post-spin investor fears are "overdone." Parkinson notes that there is an ongoing debate on Corteva's pro-forma valuation, which he understands given Q4 and Q1 volatility, but ultimately believes product quality and better confidence in the ag macro will assuage fears of a de-valuation.
05/07/19
RHCO
05/07/19
NO CHANGE
Target $37
RHCO
Hold
DowDuPont price target lowered to $37 from $41 at SunTrust
SunTrust analyst James Sheehan lowered his price target on DowDuPont to $37 and kept his Hold rating after its below-consensus Q1 revenue reported last week that was driven by adverse U.S. weather in the quarter impacting volumes. The analyst expects the challenging market conditions to persist in Q2 but also believes that the back half of the year will see some recovery in the Agriculture, Electronics, and Auto end markets. Sheehan sees DowDuPont shares trading in a range even after the June spin of Corteva given the U.S.-China trade uncertainty and auto/electronics headwinds.

TODAY'S FREE FLY STORIES

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OXY

Occidental Petroleum

$53.49

0.74 (1.40%)

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TIGR

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TJX

TJX

$52.95

-0.08 (-0.15%)

, HD

Home Depot

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HD

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AZO

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KSS

Kohl's

$62.95

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EV

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$37.27

-0.535 (-1.42%)

JCP

J.C. Penney

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0.01 (0.88%)

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JCOM

j2 Global

$86.48

-0.23 (-0.27%)

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ATTO

Atento

$3.24

-0.14 (-4.14%)

19:58
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  • 21

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ATTO

Atento

$3.24

-0.14 (-4.14%)

19:57
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  • 21

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ITCB

Itau Corpbanca

$12.95

(0.00%)

19:38
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OCUL

Ocular Therapeutix

$3.36

-0.1 (-2.89%)

19:36
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19:36
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Recommendations
Ocular Therapeutix analyst commentary at Piper Jaffray »

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YGYI

Youngevity

$6.57

0.13 (2.02%)

, QFIN

360 Finance

$16.46

0.71 (4.51%)

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Fly Intel: After Hours Movers »

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YGYI

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$6.57

0.13 (2.02%)

QFIN

360 Finance

$16.46

0.71 (4.51%)

ARWR

Arrowhead

$18.94

-0.52 (-2.67%)

TRIP

TripAdvisor

$44.93

-0.07 (-0.16%)

ASNA

Ascena Retail

$1.13

-0.125 (-9.96%)

KR

Kroger

$24.04

-0.18 (-0.74%)

SNAP

Snap

$11.19

-0.3 (-2.61%)

NDSN

Nordson

$130.42

-4.8 (-3.55%)

OCUL

Ocular Therapeutix

$3.36

-0.1 (-2.89%)

SWI

SolarWinds

$19.16

0.04 (0.21%)

MRCY

Mercury Systems

$72.85

-0.11 (-0.15%)

VNE

Veoneer

$18.89

0.02 (0.11%)

GH

Guardant Health

$78.29

2.13 (2.80%)

CVNA

Carvana

$67.17

-0.935 (-1.37%)

INSM

Insmed

$28.08

-1.08 (-3.70%)

VAR

Varian Medical

$130.48

-0.26 (-0.20%)

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    Jun

TOL

Toll Brothers

$37.52

-0.88 (-2.29%)

18:47
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Toll Brothers acquires Sharp Residential, terms not disclosed »

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General news
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TTWO

Take-Two

$102.94

-3.82 (-3.58%)

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    Nov

AAL

American Airlines

$30.96

-0.8 (-2.52%)

18:40
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Periodicals
American Air asks court to halt alleged mechanics unions' slowdown, Reuters says »

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LWAY

Lifeway Foods

$2.75

0.05 (1.85%)

18:38
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Earnings
Lifeway Foods reports Q1 EPS (2c) vs. 0c last year »

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  • 20

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WHLR

Wheeler REIT

$2.25

0.025 (1.13%)

18:31
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Hot Stocks
Wheeler REIT chairman John Sweet to resign »

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WMT

Walmart

$101.54

0.66 (0.65%)

, TGT

Target

$72.10

1.22 (1.72%)

18:03
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Periodicals
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WMT

Walmart

$101.54

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TGT

Target

$72.10

1.22 (1.72%)

BBBY

Bed Bath & Beyond

$14.48

-0.525 (-3.50%)

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    Nov

QFIN

360 Finance

$16.46

0.71 (4.51%)

18:02
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Earnings
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  • 21

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MRK

Merck

$78.86

0.15 (0.19%)

18:02
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PRIM

Primoris

$20.26

-0.08 (-0.39%)

17:55
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Hot Stocks
Primoris director sells 99.8K shares of common stock »

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BK

BNY Mellon

$45.97

-0.11 (-0.24%)

, LM

Legg Mason

$35.68

0.295 (0.83%)

17:44
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BNY Mellon announces Ed Garden to step down from board of directors »

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BK

BNY Mellon

$45.97

-0.11 (-0.24%)

LM

Legg Mason

$35.68

0.295 (0.83%)

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  • 17

    Jul

DHR

Danaher

$130.33

-0.81 (-0.62%)

17:44
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Hot Stocks
VP of Danaher Angela Lalor sells over $408K in company shares »

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  • 29

    May

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    Nov

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.95

-2.03 (-0.71%)

17:43
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17:43
Periodicals
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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$283.95

-2.03 (-0.71%)

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LM

Legg Mason

$35.68

0.295 (0.83%)

17:40
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Legg Mason names Nelson Peltz, Ed Garden to board of directors »

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XYF

X Financial

$5.42

0.1 (1.88%)

17:34
05/20/19
05/20
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17:34
Earnings
X Financial reports Q1 EPS 24c, consensus 24c »

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