(CercleFinance.com) – The stock rose by nearly 2.5% on the New York Stock Exchange after Jefferies’ positive analysis. The analysis office raises its opinion on DuPont de Nemours from ‘hold’ to ‘buy’, with a price target raised from 78 to 101 dollars, estimating that the title ‘offers operational leverage over the next cycle in electronics , construction and manufacturing industry’.
The broker also sees support for an expansion of the chemicals group’s valuation multiples, based on the evolution of its portfolio through cultural change and asset selection.
Jefferies further considers that discipline around the deployment of free cash flow (average return before dividends of 7.1%) ‘should lead to a constructive narrative over the next two to three years’.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
