DuPont stock jumps on plans to split into 3 companies, CEO change
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May 23, 2024 2:30 PM EDT
BMO Capital analyst John McNulty upgraded DuPont (NYSE: DD) from Market Perform to Outperform with a price target of $96.00 (from $83.00).
The analyst comments "In what may be the last step of his multi-phase journey, Ed Breen/DD announced plans to separate into three companies (in... More
May 22, 2024 4:47 PM EDT
DuPont (NYSE: DD) today announced a plan to separate into three distinct, publicly traded companies. Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders with New DuPont continuing as a premier diversified industrial company following completion of the separations. As independent entities, both Electronics and Water will benefit from increased focus and agility in their respective industries. At separation, each of the three companies will have strong balance sheets, attractive financial profiles and compelling growth opportunities.
As leading standalone... More
