Mizuho Maintains Buy Rating for DuPont de Nemours: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has reaffirmed its Buy rating on DuPont de Nemours (NYSE:DD) but reduced its price target from $80.00 to $76.00. Despite this, DuPont's shares have seen a slight increase of 0.09% in the last 24 hours, trading at $65.80. A rise to the new target price would represent a 15.5% increase from the current level. DuPont, a global specialty chemicals company, emerged from the DowDuPont merger in 2019, offering products like Kevlar, Tyvek, and Nomex across various industries.
February 07, 2024 | 5:00 pm
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Mizuho maintains a Buy rating on DuPont de Nemours but lowers its price target from $80 to $76. The stock has slightly increased by 0.09% in the last 24 hours, indicating a potential upside of 15.5% to the new target.
The maintenance of a Buy rating by Mizuho, despite a lower price target, suggests a positive outlook on DuPont's fundamentals and growth potential. The slight increase in stock price post-announcement indicates market optimism. The reduction in price target might reflect adjustments in market conditions or company valuation, yet the overall positive stance is likely to support investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100