Barclays Maintains Equal-Weight on DuPont de Nemours, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has maintained an Equal-Weight rating on DuPont de Nemours (NYSE:DD), but lowered the price target from $72 to $70.
July 11, 2023 | 10:39 am
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NEUTRAL IMPACT
Barclays has maintained an Equal-Weight rating on DuPont de Nemours but lowered the price target from $72 to $70.
The news is directly about DuPont de Nemours. Barclays' decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the lowering of the price target could potentially have a negative impact, as it suggests that the analyst believes the stock is currently overvalued. The impact is not necessarily immediate, as the price target is a long-term prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100