DuPont: benefits from positive analysis by Jefferies

(CercleFinance.com) - DuPont shares are up nearly 2.
5% on the New York Stock Exchange following a positive analysis by Jefferies. The analyst firm raised 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 considers 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'.

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