- DuPont (DD +2.9%) and Corteva (CTVA +0.5%) are initiated with Sector Perform ratings with respective $80 and $29 price targets at RBC Capital, where Arun Viswanathan is still undecided on the stocks' outlook.
- "New DuPont asks investors to take a leap of faith in valuing the company with multi-industry peers [such as 3M, Honeywell and Illinois Tool Works]," Viswanathan writes, adding that DD is better compared with other specialty chemical companies, such as FMC or Albemarle.
- For CTVA, "Given the market expectation of a weak 2019 for agriculture chemical producers due to planting delays from wet weather, we are taking a slightly conservative approach to 2019 results and the stock," Viswanathan says.
- DD's average Sell Side Rating is Outperform and its Seeking Alpha Authors' Rating is Bullish, but its Quant Rating is Bearish; CTVA's average Sell Side Rating is Outperform and its Seeking Alpha Authors' Rating is Neutral.