Wells Fargo Downgrades DuPont de Nemours to Equal-Weight, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Sison has downgraded DuPont de Nemours (NYSE:DD) from Overweight to Equal-Weight and reduced the price target from $85 to $69.
January 24, 2024 | 6:09 pm
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NEGATIVE IMPACT
DuPont de Nemours was downgraded by Wells Fargo from Overweight to Equal-Weight with a reduced price target, indicating a more cautious outlook on the stock.
The downgrade from Overweight to Equal-Weight suggests that Wells Fargo sees less upside potential in DuPont's stock, which could lead to a negative investor sentiment in the short term. The reduction in the price target further emphasizes a more conservative valuation of the company, potentially impacting the stock negatively as the market adjusts to the new expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100