DuPont (DD) PT Raised to $99 at BMO Capital

BMO Capital analyst John McNulty raised the price target on DuPont (NYSE: DD) to $99.00 (from $91.00) while maintaining an Outperform rating.

The analyst commented, "No, you didn't miss anything! DD mysteriously sold off last week despite a solid beat (that was at the high-end of expectations), as well as a solid raise for 2H21 despite supply chain issues (that nicked them for $100M in 2Q) and raw mats inflation. FCF was a bit below expectations but this will be remedied as supply chain issues are resolved. With a solid outlook for growth in 2021 and 2022 tied to cyclical and secular themes as well as recent M&A, we see DD's stock pushing higher."

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