DuPont de Nemours (DD) has been the subject of intense investment activity. The company recently announced its plans for a quarterly dividend of
$0.38 and had its price target increased to
$98.00 and
$85.00 by analysts at UBS Group and Barclays respectively.
Wells Fargo and
Citigroup have upgraded the stock due to its potential for significant growth, fueled by the company's monumental development. However, other entities like Advisory Services Network LLC and Cambridge Investment Research Advisors Inc. have trimmed their positions in the company.
DuPont de Nemours' Q1 2024 earnings call transcript suggests a positive outlook despite sales decline and its FY24 earnings guidance further supports their momentum in the market. The company's strategic split into three companies signifies a significant shift and potential rise in value, however, risks associated with PFAS still loom large. Q2 2024 earnings forecast issued by Zacks Research reinforces the positive outlook while the general consensus rating from brokerages is of a 'Moderate Buy'. However, DD's stock had underperformed when compared to competitors, and Clearbridge Investments LLC sold DD shares, thereby indicating a mixed sentiment in the market.
Dupont De Nemours DD News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Thu, 30 May 2024 12:51:43 GMT -
Rating 7
- Innovation 6
- Information 5
- Rumor -1
