Jefferies upgrades its opinion on DuPont de Nemours from 'hold' to 'buy', with a price target raised from $78 to $101, believing that the stock 'offers operating leverage over the next cycle in electronics, construction and manufacturing'.
The broker also sees support for an expansion of the chemical group's valuation multiples, based on the evolution of its portfolio through cultural change and asset selection.
Jefferies also believes that discipline around free cash flow deployment (average yield before dividends of 7.1%) 'should lead to a constructive narrative over the next two to three years'.
Copyright (c) 2024 CercleFinance.com. All rights reserved. The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
DuPont de Nemours, Inc. specializes in the manufacture and marketing of specialty chemicals. The group provides copolymers, polyethylene, chloroform, fluorine, hydrofluoric acid, copper, hydroxylamine, precious metals, alumina hydroxide, ammonia, benzene, polyester fibers, propylene, wood pulp, acids, alcohols, chlorite, aldehydes, ethylene oxide, etc.
Net sales are distributed geographically as follows: the United States (32.4%), Asia/Pacific (43%), Europe/Middle East/Africa (18.3%), Latin America (4%) and Canada (2.3%).
DUPONT DE NEMOURS, INC. 
