Investment guru Jim Cramer has indicated a buy position for DuPont de Nemours (DD) with analysts supporting a 'Moderate Buy' recommendation. The material science giant has shown strong institutional backing, with holdings of up to 72%, despite recent stock underperformance. Certain investors, including Eastern Bank, have even increased their stake in the company. Raymond James & Associates, however, have decreased their stake. Looking at the earnings landscape, expectations are high for the company’s Q3 2024 earnings report. The company’s stock has seen a 29% return over the past three years, and a 17% rise over the past six months, attributable in part to earnings and revenues outperforming estimates in Q2. Despite this, some insiders have reportedly sold off shares, indicating possible hesitations. Looking forward, DuPont has been upgraded to a 'Strong Buy' with a price target of $94 by Morgan Stanley. DuPont is primed for a corporate split into three separate companies that may trigger growth, although the company faces legal risks. Innovations involving AI and significant boost in photoresist production, particularly in Japan, signal a promising future.
Dupont De Nemours DD News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Sat, 26 Oct 2024 09:28:27 GMT - Rating 6 - Innovation 8 - Information 8 - Rumor 2
