Information Provided By:
Fly News Breaks for January 14, 2020
Jan 14, 2020 | 08:04 EDT
BMO Capital analyst John McNulty lowered his price target on DuPont to $82 to reflect a "more difficult macro backdrop" as well as 25c in one-time earnings per share benefits from 2019 that will not be seen this year. The analyst still keeps his Outperform rating on the stock given the company's "industry-leading platforms" with ties to secular themes that should help DuPont grow at better-than-GDP rates and at margins exceeding the majority of specialty chemical and industrial companies.