B of A Securities Downgrades DuPont de Nemours to Underperform, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Steve Byrne has downgraded DuPont de Nemours (NYSE:DD) from Buy to Underperform, while simultaneously raising the price target from $78 to $80. This suggests a more bearish outlook on the company's stock performance despite a slight increase in the price target.
January 16, 2024 | 5:37 pm
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DuPont de Nemours was downgraded by B of A Securities from Buy to Underperform, indicating a negative outlook, although the price target was raised to $80.
The downgrade to Underperform suggests that B of A Securities expects DuPont de Nemours' stock to perform poorly relative to the market or its sector. This could lead to a negative investor sentiment and potential short-term decline in the stock price. The increase in the price target from $78 to $80 provides a slightly positive counterbalance, but the downgrade is likely to have a stronger impact on investor perception in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100