DuPont : Jefferies raises its opinion

(CercleFinance.com) - Jefferies has upgraded DuPont de Nemours shares from "hold" to "buy", with a target price raised from $78 to $101, believing that the stock offers operational leverage over the next cycle in electronics, construction and manufacturing.


The broker also sees support for an expansion of the chemical group's multiples, based on the evolution of its portfolio through cultural change and asset selection.

Jefferies also believes that discipline around the deployment of free cash flow (average yield before dividends of 7.1%) should lead to a constructive narrative over the next two to three years.

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