DuPont de Nemours shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and lowered its price target from $88 to $84.
Portfolio Pulse from Benzinga Newsdesk
DuPont de Nemours shares fell after Barclays downgraded the stock from Equal-Weight to Underweight and reduced its price target from $88 to $84.
October 07, 2024 | 5:48 pm
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NEGATIVE IMPACT
Barclays downgraded DuPont de Nemours from Equal-Weight to Underweight and reduced its price target from $88 to $84, leading to a decline in the stock price.
The downgrade by Barclays from Equal-Weight to Underweight suggests a negative outlook on DuPont's performance, which is likely to influence investor sentiment negatively. The reduction in the price target from $88 to $84 further supports this bearish view, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100