- DuPont's (DD) stock price target is raised to $73 and $63 and its Buy rating is maintained by Citigroup analysts, who see plenty of options for company’s seed and pesticide division.
- Following a conversation with DuPont Chairman and CEO Edward Breen and CFO Nick Fanandakis, analyst P.J. Juvekar thinks a sale or purchase of a rival’s seed and pesticide business are not the only options for the company, as it also could consider joint ventures, spinoffs, asset swaps and other strategic alternatives; the biggest challenge is agreeing to valuations in what seems like trough conditions and the potential tax impact, Juvekar says.
- Citi also sees Breen’s focus on free cash flow rather than simple EPS as a positive and similar to successful actions at other chemical companies such as Air Products & Chemicals (NYSE:APD).