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BUZZ-Deutsche Bank cuts DuPont PT, reiterates 'buy' rating

Reuters
Nov 25
BUZZ-Deutsche Bank cuts DuPont PT, reiterates 'buy' rating

** Deutsche Bank cuts PT on industrial materials maker DuPont DD.N to $46 from $90; reiterates "buy" rating

** Still, the new PT represents a 19.6% upside to the stock's last close

** Brokerage reiterates rating following spin-off of the co's electronic business, Qnity

** "What is left of DuPont is a company of modest size though of high quality with solid growth, strong free cash flow potential and compelling valuation" - Deutsche Bank

** Brokerage says it believes DuPont could enter the rarified air of "Growth Compounders," referring to a group within its coverage universe that includes Ecolab ECL.N, Linde LIN.DE and Sherwin-Williams SHW.N

** 16 of 18 brokerages rate the stock "buy" or higher and two "hold"; median PT is $46.12 - data compiled by LSEG

** Up to last close, DD up 20.6% YTD

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))

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