Fly News Breaks for June 25, 2019
Jun 25, 2019 | 08:32 EDT
Argus analyst Bill Selesky reiterated a Buy rating on DuPont (DD), the renamed DowDuPont (DWDP), with a revised price target of $88, telling investors in a research note that he believes DuPont is on track to realize $1.1B of merger cost synergies by the end of 2020, compared to an original target of $0.8B, and says he feels DuPont should be viewed as a leading multi-industry, specialty material company with an "attractive" valuation, sustainable dividend and above-average earnings growth rate.
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