DuPont (DD) PT Raised to $87 at RBC Capital

RBC Capital analyst Arun Viswanathan raised the price target on DuPont (NYSE: DD) to $87.00 (from $83.00) while maintaining a Outperform rating.

The analyst comments "We raise our FY24/25 estimates and price target to $87 given the strong 1Q and raised guidance. We maintain our Outperform rating given continued margin expansion through cost savings initiatives and volume recovery, share repurchases through its newly announced $1B ASR to be completed in 2024, nearly settled PFAS liabilities, and strong balance sheet (<2.0x net leverage) and FCF."

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